Matson, Inc. · NYSE:MATX
Matson — Investor Presentation (November 2024)
14 slides from Matson's investor presentation, November 2024
Slide 1: Investor Presentation
Investor Presentation November 2024 1 Investor Presentation │November 2024
Slide 2: Forward-Looking Statements
Forward-Looking Statements Statements made during this presentation that set forth expectations, predictions, projections or are about future events are based on facts and situations that are known to us as of November 20, 2024. We believe that our expectations and assumptions are reasonable. Actual
Slide 3: Matson: At-a-Glance
Matson: At-a-Glance OCEAN TRANSPORTATION LOGISTICS • A leading U.S. carrier in the Pacific • Top ranked integrated, asset-light logistics services • Lifeline to economies of Hawaii, Alaska, Guam and other • Freight forwarding, transportation brokerage, warehousing, Pacific islands and supply chain m
Slide 4: Matson Today: Connecting the Pacific
Matson Today: Connecting the Pacific 4 Investor Presentation │November 2024
Slide 5: Investment Highlights
Investment Highlights • Providing critical supply lifelines to economies throughout the Pacific Unique Network • Strong market positions in attractive niche markets with multi-decade customer relationships Connecting the Pacific • Dual head-haul economics on China-to-Long Beach Express (CLX) service
Slide 6: Hawaii Service
Hawaii Service Overview of Service Market Overview • 5 U.S. West Coast departures and 3 • Competitors: arrivals in Honolulu per week – Pasha • Dedicated neighbor island barge – Barges service – Air freight 9-ship deployment Matson’s Focus • Maintain best-in-class on-time arrival and cargo availabili
Slide 7: China Service
China Service Overview of Service Market Overview Service Frequency US West Coast Ports • Competitors: CLX Weekly from Long Beach – Other transpacific carriers (started Feb 2006) Ningbo/Shanghai – Air freight carriers MAX Weekly from Long Beach (started May 2020) Ningbo/Shanghai • CLX and MAX are pr
Slide 8: China Service – Elements of Demand
China Service – Elements of Demand Economically Advantageous Fast, Reliable Ocean Transit: Compared to Air Freight: • CLX is the fastest • MAX is the second fastest • Significant cost savings for 5 to 7 days of additional transit time Demand for Matson’s China Service Unmatched “High Touch” Destinat
Slide 9: Alaska Service
Alaska Service Overview of Service Market Overview • Twice weekly service to Anchorage and Kodiak • Competitors: TOTE, barges, air freight and OTR trucking • Weekly service into Dutch Harbor • Air freight rates are very high relative to the cost • Matson is the only U.S. containership operator of go
Slide 10: Guam Service
Guam Service Overview of Service Market Overview • Weekly service to Guam as part of CLX • Competitors: service – APL (U.S. flagged service) • 3-to-5 day ocean transit advantage from U.S. • Trans-ships in Yokohama, Japan and Busan, South Korea to Guam via a 2-ship West Coast feeder service – Interna
Slide 11: SSAT Joint Venture
SSAT Joint Venture Overview SSAT JV Equity Income ($ in millions) • Matson owns a 35% interest in SSA Terminals, LLC (SSAT), the leading U.S. West Coast $90 terminal operator $80 – SSAT currently provides terminal and $70 stevedoring services to carriers at 8 $60 terminal facilities $50 Port Termina
Slide 12: Matson Logistics
Matson Logistics Overview of Services Operating Income and Margin ($ in millions) $80 10% • LCL consolidation and freight forwarding Freight primarily to the Alaska market through 9% $70 Forwarding Span Alaska 8% Operating Income Margin $60 7% Operating Income • Domestic and international rail inter
Slide 13: Appendix
Appendix 13 Investor Presentation │November 2024
Slide 14: Appendix – Non-GAAP Measures
Appendix – 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