Matson, Inc. · NYSE:MATX
Matson — Tradewinds Jones Act Shipping Forum 2013
10 slides from Matson's conference presentation, Sep 18, 2013
Slide 1: Tradewinds Jones Act Shipping Forum – September 18, 2013
Tradewinds Jones Act Shipping Forum – September 18, 2013
Slide 2: Forward Looking Statements
Forward Looking Statements Statements in this presentation that set forth expectations or predictions are based on facts and situations that are known to us as of September 18, 2013. Actual results may differ materially, due to risks and uncertainties, such as those described on pages 9-15 of our 20
Slide 3: Matson at a Glance
Matson at a Glance 17 Jones Act vessels 35% ownership in 6 West Coast terminals through SSAT joint venture Top Ten 3rd party logistics provider ($ in Millions) 2012 Revenue 2012 EBITDA Ocean Transportation $ 1,190 $165.7 Logistics Services $ 370 $3.1 Total $1,560 $168.8 See the Addendum for a reconc
Slide 4: The Matson Brand
The Matson Brand Premier Ocean Transportation and Logistics Provider 130 years of Leadership in the Pacific Service and Reliability Beyond the Norm Financial Stability Delivering Value to Our Customers
Slide 5: Matson – Connecting the Pacific Unlike Anyone Else
Matson – Connecting the Pacific Unlike Anyone Else Hawaii: 3 Inter-island Barges LTM = Last twelve months as of June 30, 2013 HON = Honolulu; LB = Long Beach; OAK = Oakland; SEA = Seattle Source: Matson 10-K and 10-Q filings 2 Ships HON / OAK / LB 2 Ships HON / SEA / OAK 5 Ships LB / HON / Guam / Ch
Slide 6: Strong Balance Sheet & Cash Flow Generation
Strong Balance Sheet & Cash Flow Generation Investment grade credit metrics Net Debt/ LTM EBITDA ratio of 1.39x as of 6/30/13 Strong cash flow generation Repaid debt by $80 million in four quarters since Separation Well positioned to fund fleet renewal program and growth initiatives Source: Matson 1
Slide 7: Matson's Core Deployment and Committed to Reinvesting in Hawaii
Matson’s Core Deployment CLX Service Hawaii Turnaround Service # of ships 5 Ships 4 Ships Route HON / LB / Guam / China HON / SEA / OAK HON / OAK / LB Capacity ~12,500 TEU ~9,300 TEU Average Age ~11 years ~32 years Committed to Reinvesting in Hawaii Jones Act Vessels Strategic fleet renewal calls fo
Slide 8: Addendum
Addendum
Slide 9: Use of Non-GAAP Measures
Use of Non-GAAP Measures Matson reports financial results in accordance with U.S. generally accepted accounting principles (“GAAP”). The Company also considers other non-GAAP measures to evaluate performance, make day-to-day operating decisions, help investors understand our ability to incur and ser
Slide 10: GAAP to Non-GAAP Reconciliation (Net Debt and EBITDA)
GAAP to Non-GAAP Reconciliation (Net Debt and EBITDA) (in $ millions) Last Twelve Months (LTM) Year Ended December 31, As of June 30, 2013 2012 Net Income 63.9 45.9 Subtract: Loss from discontinued operations - (6.1) Add: Income tax expense 34.3 33.0 Add: Interest expense 15.1 11.7 Add: Depreciation