Matson, Inc. · NYSE:MATX
Matson — Q2 2021 Earnings Presentation
9 slides from Matson's earnings presentation, Jul 8, 2021
Slide 1: Second Quarter 2021 Preliminary Earnings Supplement
1 Preliminary Second Quarter 2021 Earnings Supplement Second Quarter 2021 Preliminary Earnings Supplement July 8, 2021
Slide 2: Forward-Looking Statements
2 Preliminary Second Quarter 2021 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 8, 2021. We believe that our ex
Slide 3: Preliminary Second Quarter 2021 Results
3 Preliminary Second Quarter 2021 Earnings Supplement Preliminary Second Quarter 2021 Results • Matson’s Ocean Transportation and Logistics businesses continued to perform well as the U.S. economy further recovers from the pandemic • China service, consisting of CLX and CLX+, continued to see signif
Slide 4: Preliminary Second Quarter 2021 Results (continued)
4 Preliminary Second Quarter 2021 Earnings Supplement Preliminary Second Quarter 2021 Results (continued) (1) Total debt is presented before any adjustment for deferred loan fees as required by U.S. GAAP.
Slide 5: Hawaii
5 Preliminary Second Quarter 2021 Earnings Supplement Hawaii Service Second Quarter 2021 Performance • Container volume increased 9.9% YoY – Higher retail and hospitality-related demand due to the reopening of the Hawaii economy versus the pandemic lows in the year ago period • 2Q21 volume 5.6% high
Slide 6: China
6 Preliminary Second Quarter 2021 Earnings Supplement China Service Second Quarter 2021 Performance Container Volume (FEU Basis) 8,000 13,000 18,000 23,000 28,000 33,000 38,000 43,000 48,000 Q1 Q2 Q3 Q4 2020 2021 Note: 2Q 2020 volume figure includes volume related to seven CLX+ voyages. 3Q 2020, 4Q
Slide 7: Guam
7 Preliminary Second Quarter 2021 Earnings Supplement Guam Service Second Quarter 2021 Performance Container Volume (FEU Basis) 3,000 3,500 4,000 4,500 5,000 5,500 6,000 Q1 Q2 Q3 Q4 2020 2021 35.7% • Container volume increased 35.7% YoY – Higher retail-related demand compared to pandemic low in year
Slide 8: Alaska
8 Preliminary Second Quarter 2021 Earnings Supplement Alaska Service Second Quarter 2021 Performance • Container volume increased 15.2% YoY – Higher northbound volume compared to pandemic low in year ago period • Elevated demand for retail-related goods – Higher southbound volume – Addition of AAX v
Slide 9: Matson Logistics Second Quarter 2021 Performance
9 Preliminary Second Quarter 2021 Earnings Supplement Matson Logistics Second Quarter 2021 Performance Operating Income $ 0.0 $ 2.0 $ 4.0 $ 6.0 $ 8.0 $ 10.0 $ 12.0 $ 14.0 Q1 Q2 Q3 Q4 $ in millions 2020 2021 $12.0 to $13.0 million • Operating income of $12.0 to $13.0 million; YoY change of approximat