Slide 1: Second Quarter 2023 Preliminary Earnings Supplement
1 Preliminary Second Quarter 2023 Earnings Supplement Second Quarter 2023 Preliminary Earnings Supplement July 20, 2023
Slide 2: Forward-Looking Statements
2 Preliminary Second Quarter 2023 Earnings Supplement 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 July 20, 2023. We believe that our e
Slide 3: Preliminary Second Quarter 2023 Results
3 Preliminary Second Quarter 2023 Earnings Supplement Preliminary Second Quarter 2023 Results • Matson’s Ocean Transportation and Logistics business segments performed well despite a challenging business environment and sluggish economic growth • Ocean Transportation: – Our China service saw higher
Slide 4: Preliminary Second Quarter 2023 Results (continued)
4 Preliminary Second Quarter 2023 Earnings Supplement Preliminary Second Quarter 2023 Results (continued) (1) Total debt is presented before any adjustment for deferred loan fees as required by U.S. GAAP. ($ in millions, except per share data) Preliminary Range ($ in millions) INCOME STATEMENT BALAN
Slide 5: Commentary on the Transpacific Tradelane
5 Preliminary Second Quarter 2023 Earnings Supplement Commentary on the Transpacific Tradelane • Currently in the Transpacific marketplace, we are seeing modest reductions in deployed capacity and retail inventories are in a relatively better position than earlier in the year, but retailers continue
Slide 6: Hawaii
6 Preliminary Second Quarter 2023 Earnings Supplement Hawaii Service Second Quarter 2023 Performance • Container volume decreased 7.1% YoY – Lower retail-related volume – 2Q23 volume 3.4% lower than volume achieved in 2Q19 • During 2Q23, total tourist arrivals increased modestly YoY with an increase
Slide 7: China
7 Preliminary Second Quarter 2023 Earnings Supplement China Service Second Quarter 2023 Performance Container Volume (FEU Basis) 8,000 13,000 18,000 23,000 28,000 33,000 38,000 43,000 48,000 53,000 Q1 Q2 Q3 Q4 2022 2023 Note: CCX service started in 3Q21 and ended in 3Q22. • Container volume decrease
Slide 8: Guam
8 Preliminary Second Quarter 2023 Earnings Supplement Guam Service Second Quarter 2023 Performance Container Volume (FEU Basis) 3,000 3,500 4,000 4,500 5,000 5,500 6,000 Q1 Q2 Q3 Q4 2022 2023 • Container volume decreased 7.5% YoY primarily due to lower general demand – 2Q23 volume 2.1% higher than v
Slide 9: Alaska
9 Preliminary Second Quarter 2023 Earnings Supplement Alaska Service Second Quarter 2023 Performance • Container volume decreased 7.2% YoY – Lower export seafood volume from AAX – Lower northbound volume due to one less sailing – Lower southbound volume primarily due to lower household goods and dom
Slide 10: Matson Logistics Second Quarter 2023 Performance
10 Preliminary Second Quarter 2023 Earnings Supplement Matson Logistics Second Quarter 2023 Performance Operating Income $ 0.0 $ 5.0 $ 10.0 $ 15.0 $ 20.0 $ 25.0 Q1 Q2 Q3 Q4 $ in millions 2022 2023 $13.5 to $14.5 million • Operating income of $13.5 to $14.5 million; YoY decrease of approximately $8.6