Matson, Inc. · NYSE:MATX
Matson — Q1 2021 Earnings Presentation
9 slides from Matson's earnings presentation, Apr 15, 2021
Slide 1: First Quarter 2021 Preliminary Earnings Supplement
1 Preliminary First Quarter 2021 Earnings Supplement First Quarter 2021 Preliminary Earnings Supplement April 15, 2021
Slide 2: Forward-Looking Statements
2 Preliminary First 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 April 15, 2021. We believe that our e
Slide 3: Preliminary First Quarter 2021 Results
3 Preliminary First Quarter 2021 Earnings Supplement Preliminary First Quarter 2021 Results • Off to a strong start to 2021 with continued solid performance in Ocean Transportation and Logistics • China service, consisting of CLX and CLX+, continued to see significant demand – Volume for e-commerce
Slide 4: Preliminary First Quarter 2021 Results (continued)
4 Preliminary First Quarter 2021 Earnings Supplement Preliminary First 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 First Quarter 2021 Earnings Supplement Hawaii Service First Quarter 2021 Performance • Container volume increased 0.6% YoY – Higher demand for sustenance and home improvement goods – Partially offset by: • One less westbound sailing • Continued negative impact from low tourism activity
Slide 6: China
6 Preliminary First Quarter 2021 Earnings Supplement China Service First Quarter 2021 Performance Container Volume (FEU Basis) 8,000 13,000 18,000 23,000 28,000 33,000 38,000 43,000 Q1 Q2 Q3 Q4 2020 2021 Note: 2Q 2020 volume figure includes volume related to seven CLX+ voyages. 3Q 2020, 4Q 2020 and
Slide 7: Guam
7 Preliminary First Quarter 2021 Earnings Supplement Guam Service First Quarter 2021 Performance Container Volume (FEU Basis) 3,000 3,500 4,000 4,500 5,000 5,500 Q1 Q2 Q3 Q4 2020 2021 2.0% • Container volume increased 2.0% YoY – Higher demand for sustenance and home improvement goods • Guam economy
Slide 8: Alaska
8 Preliminary First Quarter 2021 Earnings Supplement Alaska Service First Quarter 2021 Performance • Container volume decreased 4.9% YoY – Lower northbound volume primarily due to: • One less sailing this year • TOTE dry-dock volume in year ago period – Lower southbound volume – Partially offset by
Slide 9: Matson Logistics First Quarter 2021 Performance
9 Preliminary First Quarter 2021 Earnings Supplement Matson Logistics First 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 • Operating income of approximately $6.0 million; YoY change of approximately $0.9 million • Be