Matson, Inc. · NYSE:MATX
Matson — Investor Presentation (February 2019)
16 slides from Matson's investor presentation, Feb 13, 2019
Slide 1: Investor Presentation February 2019
1 Investor Presentation │February 2019 Investor Presentation February 2019
Slide 2: Forward-Looking Statements
2 Investor Presentation │February 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 February 13, 2019. We believe that our expectations
Slide 3: Matson: At-a-Glance
3 Investor Presentation │February 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 7 West Coast terminal
Slide 4: Matson Today: Connecting the Pacific
4 Investor Presentation │February 2019 Matson Today: Connecting the Pacific
Slide 5: Investment Highlights
5 Investor Presentation │February 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: Market and Service Leader to Hawaii
6 Investor Presentation │February 2019 Market and Service Leader to Hawaii Overview of Service • 3.5 calls per week into Hawaii with inbounds from Long Beach, Oakland and Seattle • Operate a dedicated neighbor island barge service, which is a key service differentiator • Key westbound customer verti
Slide 7: China Expedited Service
7 Investor Presentation │February 2019 China Expedited Service • Weekly service from Ningbo/Shanghai to Long Beach – Uniquely focused on U.S. Monday morning cargo availability • A premium service providing an alternative to deferred air freight and other ocean carriers – 4-to-6 day service disadvant
Slide 8: Alaska Service
8 Investor Presentation │February 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 • Key customer segments: – Food and beverage (NB) – Retail (NB) – Seafood (SB) • Sp
Slide 9: Guam Service
9 Investor Presentation │February 2019 Guam Service • Weekly service to Guam as part of CLX service – Significant transit advantage • Provide feeder vessel services from Guam to the islands of Micronesia • Key customer segments: – Military – Food and retail – Household goods • Leverage transit advan
Slide 10: SSAT Joint Venture
10 Investor Presentation │February 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 7 terminal facilities • Services provided to Matson at terminals in Lon
Slide 11: Matson's Terminals Truck Turn Times
11 Investor Presentation │February 2019 Matson’s Terminals Truck Turn Times (2017) 0 5 10 15 20 25 30 LGB OAK SEA TAC HON Truck Processing Time (minutes) Industry averages 1 – 2 hours Source: Management estimates. • Guaranteed berths / cranes at dedicated terminals used by Matson(1) – Helps to quick
Slide 12: Matson Logistics
12 Investor Presentation │February 2019 Matson Logistics Overview of Services 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% $0 $5 $10 $15 $20 $25 2015 2016 2017 2018 YTD Operating Margin Operating Income ($ in millions) Operating Income Operating Margin • Transportation Brokerage – Domestic and international r
Slide 13: Span Alaska Overview
13 Investor Presentation │February 2019 Span Alaska Overview The market leader in Less-than-Container Load freight consolidation and forwarding services to the Alaska market. • Asset-light logistics business • Aggregates Less-than-Container Load (LCL) freight in Auburn, WA for consolidation and ship
Slide 14: Span Alaska Overview (continued)
14 Investor Presentation │February 2019 Span Alaska Overview (continued) • Diversified end market: Wholesale Distribution, Retail & Household Goods, Construction & Building Materials, Food & Beverage, Government, Oil, Vehicles • LCL Freight – 80% of goods transported to the Auburn terminal by custom
Slide 15: Recent Organic Growth Initiatives
15 Investor Presentation │February 2019 Recent Organic Growth Initiatives Launched New Service to Okinawa, Japan (September 2017) • Leverages Matson’s U.S.-flagged network from U.S. West Coast through Honolulu and Guam Kwajalein Service • Expanded U.S.-flagged service to Kwajalein to strengthen posi
Slide 16: Appendix – Non-GAAP Measures
16 Investor Presentation │February 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