Slide 1: Investor Presentation
Investor Presentation December 1, 2021 1 Investor Presentation │December 1, 2021
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 December 1, 2021. 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 10 integrated, asset-light logistics services • Lifeline to economies of Hawaii, Alaska, Guam and other • Freight forwarding, rail intermodal, highway brokerage, Pacific islands warehousing, and supply c
Slide 4: Matson Today: Connecting the Pacific
Matson Today: Connecting the Pacific 4 Investor Presentation │December 1, 2021
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 • Dual head-haul economics on China-to-Long Beach Express (CLX) service Pacific
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 Current 9-ship deployment Matson’s Focus • Maintain best-in-class on-time arrival and cargo av
Slide 7: China Service
China Service Overview of Service Market Overview Service Frequency US West Coast Ports • Competitors: CLX Weekly from Long Beach (started 2005) Ningbo/Shanghai – Other transpacific carriers CLX+ Weekly from Long Beach – Air freight carriers (started May 2020) Ningbo/Shanghai CCX 3 out of every 5 Oa
Slide 8: Alaska Service
Alaska Service Overview of Service Current 3-Ship Deployment • Twice weekly service to Anchorage and Kodiak • Weekly service into Dutch Harbor • Matson is the only U.S. containership operator serving Kodiak and Dutch Harbor Market Overview • Competitors: TOTE, barges, air freight and OTR trucking •
Slide 9: 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 10: SSAT Joint Venture
SSAT Joint Venture Overview SSAT JV Equity Income (Loss) • Matson owns a 35% interest in SSA Terminals, LLC (SSAT), the leading U.S. $50 West Coast terminal operator $40 – SSAT currently provides terminal and stevedoring services to carriers at 7 $30 $ in millions terminal facilities Port Terminal A
Slide 11: Matson Logistics
Matson Logistics Overview of Services Operating Income and Margin $50 10% • LCL consolidation and freight forwarding Freight primarily to the Alaska market through $45 9% Operating Income ($ in millions) Forwarding Span Alaska Operating Income Margin $40 8% $35 7% • Domestic and international rail i
Slide 12: Appendix
Appendix 12 Investor Presentation │December 1, 2021
Slide 13: 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