Matson, Inc. · NYSE:MATX
Matson — Q4 2020 Earnings Presentation
9 slides from Matson's earnings presentation, Jan 11, 2021
Slide 1: Fourth Quarter 2020 Preliminary Earnings Supplement
1 Preliminary Fourth Quarter 2020 Earnings Supplement Fourth Quarter 2020 Preliminary Earnings Supplement January 11, 2021
Slide 2: Forward-Looking Statements
2 Preliminary Fourth Quarter 2020 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 11, 2021. We believe that ou
Slide 3: Preliminary Fourth Quarter 2020 Results
3 Preliminary Fourth Quarter 2020 Earnings Supplement Preliminary Fourth Quarter 2020 Results • Capped off a strong year with continued solid performance in Ocean Transportation and Logistics • China service, consisting of CLX and CLX+, was the primary driver of the increase in consolidated operatin
Slide 4: Preliminary Fourth Quarter 2020 Results (continued)
4 Preliminary Fourth Quarter 2020 Earnings Supplement Preliminary Fourth Quarter 2020 Results (continued) (1) Total debt is presented before any adjustment for deferred loan fees as required by U.S. GAAP. (2) Based on the midpoint of the operating income ranges for Ocean Transportation and Logistics
Slide 5: Hawaii Container Volume
5 Preliminary Fourth Quarter 2020 Earnings Supplement Hawaii Service Fourth Quarter 2020 Performance • Container volume increased 0.8% YoY – An additional westbound sailing – Higher demand for sustenance and home improvement goods – Continued negative impact from low tourism activity • Pre-travel te
Slide 6: China Container Volume
6 Preliminary Fourth Quarter 2020 Earnings Supplement China Service Fourth Quarter 2020 Performance • Container volume increased 139.1% YoY – Approximately 86% of YoY volume increase driven by CLX+ • Continued dislocation in transpacific air freight markets led to strong demand for Matson’s expedite
Slide 7: Guam Container Volume
7 Preliminary Fourth Quarter 2020 Earnings Supplement Guam Service Fourth Quarter 2020 Performance Container Volume (FEU Basis) 3,000 3,500 4,000 4,500 5,000 5,500 Q1 Q2 Q3 Q4 2019 2020 4.2% • Container volume increased 4.2% YoY – Higher demand for sustenance and home improvement goods • Guam econom
Slide 8: Alaska Container Volume
8 Preliminary Fourth Quarter 2020 Earnings Supplement Alaska Service Fourth Quarter 2020 Performance • Container volume increased 18.9% YoY – Higher northbound volume primarily due to: • Two additional sailings • Higher demand for sustenance and home improvement goods – Modestly higher southbound vo
Slide 9: Matson Logistics Fourth Quarter 2020 Performance
9 Preliminary Fourth Quarter 2020 Earnings Supplement Matson Logistics Fourth Quarter 2020 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 2019 2020 • Operating income of $8.0 to $9.0 million; YoY change of $0.4 to $1.4 million • Benefitted f