Matson, Inc. · NYSE:MATX
Matson — Investor Presentation (February 2020)
16 slides from Matson's investor presentation, Feb 11, 2020
Slide 1: Investor Presentation February 2020
1 Investor Presentation │February 2020 Investor Presentation February 2020
Slide 2: Forward-Looking Statements
2 Investor Presentation │February 2020 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 11, 2020. We believe that our expectations
Slide 3: Matson: At-a-Glance
3 Investor Presentation │February 2020 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 service from China to Southern California • 35% ownership in SSAT that operate
Slide 4: Matson Today: Connecting the Pacific
4 Investor Presentation │February 2020 Matson Today: Connecting the Pacific
Slide 5: Investment Highlights
5 Investor Presentation │February 2020 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 2020 Hawaii Service • 5 U.S. West Coast departures and 3 arrivals in Honolulu per week • Dedicated neighbor island barge service Overview of Service Matson’s Focus • Maintain best-in-class on-time arrival and cargo availability • Dedicated terminals and fully- integ
Slide 7: China-to-Long Beach (CLX) Service
7 Investor Presentation │February 2020 China-to-Long Beach (CLX) Service • Weekly service from Ningbo/Shanghai to Long Beach – Feeder services from other Asian port origins • A premium service providing an alternative to deferred air freight and other ocean carriers • Dedicated terminal space in Lon
Slide 8: Alaska Service
8 Investor Presentation │February 2020 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 Overview of Service Matson’s Focus Current 3-Ship Deployment • Maintain excellence
Slide 9: Guam Service
9 Investor Presentation │February 2020 Guam Service • Weekly service to Guam as part of CLX service • 3-to-5 day ocean transit advantage from U.S. West Coast Overview of Service Matson’s Focus • Maintain superior service and on-time performance • Fight for every piece of freight Market Overview • Co
Slide 10: SSAT Joint Venture
10 Investor Presentation │February 2020 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 8 terminal facilities Overview Updates and Opportunities • OICT crane m
Slide 11: Matson Logistics
11 Investor Presentation │February 2020 0% 1% 2% 3% 4% 5% 6% 7% 8% $0 $5 $10 $15 $20 $25 $30 $35 $40 $45 2015 2016 2017 2018 LTM Operating Income Margin Operating Income ($ in millions) Operating Income Operating Income Margin Matson Logistics Note: Acquired Span Alaska in 3Q 2016. (As of 9/30/19) T
Slide 12: Span Alaska Overview
12 Investor Presentation │February 2020 Span Alaska Overview • Receives LCL freight in Auburn, WA for consolidation and shipment to Alaska • Network of terminals enables transport of freight to all major population centers in AK • Matson’s largest northbound freight customer
Slide 13: IMO 2020 and Fuel Strategy
13 Investor Presentation │February 2020 IMO 2020 and Fuel Strategy • IMO 2020 regulation: all vessels worldwide restricted to 0.5% sulfur content fuel • Current options available to Matson to comply with IMO 2020 regulations: Matson is 100% compliant with IMO 2020 regulations. 0.5% Distillate • Expe
Slide 14: Potential Impacts of Coronavirus
14 Investor Presentation │February 2020 Potential Impacts of Coronavirus • Will negatively impact transpacific import volume from Asia in the short-term – Elongation of post Lunar New Year period due to factory start-up delays and disruption in supply chain logistics – CLX’s differentiated service t
Slide 15: Appendix
15 Investor Presentation │February 2020 Appendix
Slide 16: Appendix – Non-GAAP Measures
16 Investor Presentation │February 2020 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