Slide 1: Fourth Quarter 2021 Preliminary Earnings Supplement
1 Preliminary Fourth Quarter 2021 Earnings Supplement Fourth Quarter 2021 Preliminary Earnings Supplement January 19, 2022
Slide 2: Forward-Looking Statements
2 Preliminary Fourth 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 January 19, 2022. We believe that
Slide 3: Preliminary Fourth Quarter 2021 Results
3 Preliminary Fourth Quarter 2021 Earnings Supplement Preliminary Fourth Quarter 2021 Results • Matson finished off a strong year with continued improvement in economic and business trends in our markets driving solid performance in both Ocean Transportation and Logistics • China service continued t
Slide 4: Preliminary Fourth Quarter 2021 Results (continued)
4 Preliminary Fourth Quarter 2021 Earnings Supplement Preliminary Fourth Quarter 2021 Results (continued) (1) Total debt is presented before any adjustment for deferred loan fees as required by U.S. GAAP .. (2) The 4Q21 effective income tax rate range benefited from a deduction related to foreign -
Slide 5: Hawaii
5 Preliminary Fourth Quarter 2021 Earnings Supplement Hawaii Service Fourth Quarter 2021 Performance • Container volume increased 10.4% YoY – Higher retail and hospitality - related demand compared to 4Q20, which was negatively impacted by state’s COVID - 19 mitigation efforts – Includes benefit of
Slide 6: China
6 Preliminary Fourth Quarter 2021 Earnings Supplement China Service Fourth 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 53,000 58,000 Q1 Q2 Q3 Q4 2020 2021 Note : 2Q20 volume figure includes volume related to seven CLX+ voyages.
Slide 7: Guam
7 Preliminary Fourth Quarter 2021 Earnings Supplement Guam Service Fourth 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 14.0% • Container volume increased 14.0% YoY – Higher retail - related demand compared to pandemic - reduced
Slide 8: Alaska
8 Preliminary Fourth Quarter 2021 Earnings Supplement Alaska Service Fourth Quarter 2021 Performance • Container volume increased 10.2% YoY – Increase in Alaska - Asia Express (AAX) seafood volume – Includes benefit of extra week in 4Q21 – Higher southbound volume • 4 Q21 volume 31.1% higher than 4Q
Slide 9: Matson Logistics Fourth Quarter 2021 Performance
9 Preliminary Fourth Quarter 2021 Earnings Supplement Matson Logistics Fourth Quarter 2021 Performance Operating Income $ 0.0 $ 2.0 $ 4.0 $ 6.0 $ 8.0 $ 10.0 $ 12.0 $ 14.0 $ 16.0 $ 18.0 Q1 Q2 Q3 Q4 $ in millions 2020 2021 $14.0 to $15.0 million • Operating income of $14.0 to $15.0 million; YoY change