Matson, Inc. · NYSE:MATX
Matson — Investor Presentation (February 2024)
14 slides from Matson's investor presentation, Feb 14, 2024
Slide 1: Investor Presentation February 2024
1 Investor Presentation │February 2024 Investor Presentation February 2024
Slide 2: Forward-Looking Statements
2 Investor Presentation │February 2024 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 February 14, 2024. We believe that our expectations
Slide 3: Matson: At-a-Glance
3 Investor Presentation │February 2024 Matson: At-a-Glance OCEAN TRANSPORTATION • A leading U.S. carrier in the Pacific • Lifeline to economies of Hawaii, Alaska, Guam and other Pacific islands • Niche, premium, expedited services from China to Southern California • 35% ownership in SSAT that operat
Slide 4: Matson Today: Connecting the Pacific
4 Investor Presentation │February 2024 Matson Today: Connecting the Pacific
Slide 5: Investment Highlights
5 Investor Presentation │February 2024 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 │February 2024 Hawaii Service • 5 U.S. West Coast departures and 3 arrivals in Honolulu per week • Dedicated neighbor island barge service • Maintain best-in-class on-time arrival and cargo availability • Dedicated terminals and fully-integrated cargo delivery to major neighb
Slide 7: China Service
7 Investor Presentation │February 2024 China Service • Feeder services from other Asian port origins • CLX and CLX+ are premium services providing an alternative to deferred air freight and other ocean carriers • Dedicated terminal space in Long Beach with off-dock container yard • Door-to-door serv
Slide 8: China Service – Elements of Demand
8 Investor Presentation │February 2024 China Service – Elements of Demand • CLX is the fastest • CLX+ is the second fastest • Significant cost savings for 5 to 7 days of additional transit time Unmatched Destination Services: The consistency of our service is a significant differentiator in the mark
Slide 9: Alaska Service
9 Investor Presentation │February 2024 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 • Maintain excellence in on-time cargo availability • Expand premium SB service dif
Slide 10: Guam Service
10 Investor Presentation │February 2024 Guam Service • Weekly service to Guam as part of CLX service • 3-to-5 day ocean transit advantage from U.S. West Coast • Maintain superior service and on-time performance • Competitors: – APL (U.S. flagged service) • Trans-ships in Yokohama, Japan and Busan, S
Slide 11: SSAT Joint Venture
11 Investor Presentation │February 2024 SSAT Joint Venture • Matson owns a 35% interest in SSA Terminals, LLC (SSAT), the leading U.S. West Coast terminal operator – SSAT currently provides terminal and stevedoring services to carriers at 8 terminal facilities SSAT is the best operator on the U.S. W
Slide 12: Matson Logistics
12 Investor Presentation │February 2024 0% 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% $0 $10 $20 $30 $40 $50 $60 $70 $80 2017 2018 2019 2020 2021 2022 LTM 3Q23 Operating Income Margin Operating Income Operating Income Operating Income Margin Matson Logistics Transportation Brokerage • Domestic and international
Slide 13: Appendix
13 Investor Presentation │February 2024 Appendix
Slide 14: Appendix – Non-GAAP Measures
14 Investor Presentation │February 2024 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