Matson, Inc. · NYSE:MATX
Matson — Investor Presentation (November 2019)
16 slides from Matson's investor presentation, Nov 12, 2019
Slide 1: Investor Presentation November 2019
1 Investor Presentation │November 2019 Investor Presentation November 2019
Slide 2: Forward-Looking Statements
2 Investor Presentation │November 2019 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 12 to 15, 2019. We believe that our expect
Slide 3: Matson: At-a-Glance
3 Investor Presentation │November 2019 Matson: At-a-Glance OCEAN TRANSPORTATION • A leading U.S. carrier in the Pacific • Lifeline to economies of Hawaii, Alaska and Guam • Niche, premium, expedited service from China to Southern California • 35% ownership in SSAT that operates 8 West Coast terminal
Slide 4: Matson Today: Connecting the Pacific
4 Investor Presentation │November 2019 Matson Today: Connecting the Pacific
Slide 5: Investment Highlights
5 Investor Presentation │November 2019 Investment Highlights Unique Network Connecting the Pacific • Providing critical supply lifelines to economies throughout the Pacific • Strong market positions in attractive niche markets with multi-decade customer relationships • Dual head-haul economics on Ch
Slide 6: Hawaii Service
6 Investor Presentation │November 2019 Hawaii Service • 3 or 4 arrivals in Honolulu per week with departures from LA, OAK and SEA – Switch to 9-ship fleet in 4Q19 will provide fixed 3 arrivals per week in Honolulu • Dedicated neighbor island barge service Overview of Service Matson’s Focus • Prepare
Slide 7: China-to-Long Beach (CLX) Service
7 Investor Presentation │November 2019 China-to-Long Beach (CLX) Service • Weekly service from Ningbo/Shanghai to Long Beach • A premium service providing an alternative to deferred air freight and other ocean carriers • Dedicated terminal space in Long Beach with off-dock container yard • Door-to-d
Slide 8: Alaska Service
8 Investor Presentation │November 2019 Alaska Service • 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 Overview of Service Matson’s Focus Current 3-Ship Deployment • Capture additional N
Slide 9: Guam Service
9 Investor Presentation │November 2019 Guam Service • Weekly service to Guam as part of CLX service • 3-to-5 day ocean transit advantage from U.S. West Coast Overview of Service Matson’s Focus • Maintain superior service and on-time performance • Fight for every piece of freight Market Overview • Co
Slide 10: SSAT Joint Venture
10 Investor Presentation │November 2019 SSAT Joint Venture • Matson owns a 35% interest in SSA Terminals, LLC (SSAT), the leading U.S. West Coast terminal operator – SSAT provides terminal and stevedoring services to carriers at 8 terminal facilities Overview Updates and Opportunities • OICT crane m
Slide 11: Matson Logistics
11 Investor Presentation │November 2019 0% 1% 2% 3% 4% 5% 6% 7% 8% $0 $5 $10 $15 $20 $25 $30 $35 $40 $45 2015 2016 2017 2018 LTM Operating Income Margin Operating Income ($ in millions) Operating Income Operating Income Margin Matson Logistics Note: Acquired Span Alaska in 3Q 2016. (As of 9/30/19) T
Slide 12: Span Alaska Overview
12 Investor Presentation │November 2019 Span Alaska Overview • Receives LCL freight in Auburn, WA for consolidation and shipment to Alaska • Network of terminals enables transport of freight to all major population centers in AK • Matson’s largest northbound freight customer
Slide 13: IMO 2020 and Fuel Strategy
13 Investor Presentation │November 2019 IMO 2020 and Fuel Strategy • IMO 2020 regulation: all vessels worldwide restricted to 0.5% sulfur content fuel • Current options available to Matson to comply with IMO 2020 regulations: Matson will be 100% compliant with IMO 2020 regulations. 0.5% Distillate •
Slide 14: A Look at 2020
14 Investor Presentation │November 2019 A Look at 2020 NOTE: Numbers used in this slide include previously disclosed: (i) approximately $30 million of total benefits from the 4 new vessels, the magnitude and timing of benefits subject to change based on fleet configuration and in-service timing; (ii
Slide 15: Appendix
15 Investor Presentation │November 2019 Appendix
Slide 16: Appendix – Non-GAAP Measures
16 Investor Presentation │November 2019 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 inves