Financial Data and Key Metrics Changes - For Q4 2022, consolidated operating income decreased by $382.9 million year-over-year to $92.6 million, primarily due to lower contributions from Ocean Transportation and logistics [25][24][15] - Operating income for the full year was $72.4 million, an increase of $22.6 million compared to 2021, driven by higher contributions from transportation brokerage and freight forwarding [24][27] - Interest income for the quarter was $6.9 million, attributed to higher cash investment rates compared to no interest income in the prior year [26] Business Line Data and Key Metrics Changes - Ocean Transportation saw a decline in operating income due to lower volume and average freight rates in China, with a significant drop in container volume of 47.2% year-over-year [18][25] - Logistics operating income decreased year-over-year primarily due to lower contributions from supply chain management, consistent with lower demand in the Transpacific tradelane [47][58] - Container volume in Hawaii decreased by 13% year-over-year, primarily due to lower retail and hospitality-related demand [5][4] Market Data and Key Metrics Changes - In Alaska, container volume for Q4 2022 decreased by 7.7% year-over-year, attributed to lower northbound and southbound volumes [10] - Guam's container volume decreased by 14% year-over-year in Q4 2022, primarily due to lower retail-related demand [52] - The Hawaii economy showed recovery signs with increasing tourist arrivals and a decline in unemployment rates, although retail customers managed inventories to lower consumer demand levels [6][48] Company Strategy and Development Direction - The company plans to allocate shareholder capital in a disciplined manner, focusing on long-term investments, including a $1 billion new vessel build program [37][39] - Matson is actively looking for acquisition opportunities in both Ocean Transportation and logistics, despite current high valuation expectations [38] - The company aims to maintain service reliability and high-quality customer service while managing costs effectively in a challenging economic environment [39][108] Management's Comments on Operating Environment and Future Outlook - Management expects the first half of 2023 to be challenging, with freight demand for China services below normalized conditions [35][51] - There is an expectation of continued economic growth in Hawaii, Alaska, and Guam, but potential economic overhang could negatively affect volumes [69][70] - The company anticipates a return to more normal seasonality trends in the second half of the year, with a focus on managing inventory levels [42][76] Other Important Information - The company ended 2022 with approximately $518 million in cash deposits in the capital construction fund, covering 66% of remaining milestone payments for the new vessel program [64][70] - Capital expenditures for 2022 totaled $209.3 million, with expectations of $195 million to $210 million in 2023 [32][34] - The company has repurchased approximately 7.5 million shares for nearly $600 million over the last two years [72][125] Q&A Session Summary Question: Will retail shippers return to normal ordering patterns by mid-year? - Management noted that while some retailers are managing inventory levels down, the pace of improvement varies among customers [74] Question: How should we think about seasonality in the first quarter? - The first quarter is expected to be the weakest of the year, with historical trends indicating lower margins compared to the fourth quarter [76] Question: What is the outlook for supply and demand balance in the market? - Management expects international ocean carriers to resize their fleets in response to lower demand, potentially leading to vessel scrapping [90][112] Question: How will interest expense trend in the coming quarters? - Interest income is expected to remain slightly above the fourth quarter levels, depending on fluctuations in container rates [98] Question: What is the pace of share repurchases moving forward? - The pace of share repurchases is expected to slow compared to the previous 18 months, aligning with more normalized cash flow levels [125]

latson Appendix - Non-GAAP Measures Three Months Ended Years Ended December 31, 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 investors understand our ability to incur and sevice debt and to make capital expenditures, and to understand period operating results separate and apart from items that may, or could, have a disproportiona ...

Service Overview - Matson provides a 3-to-5 day ocean transit advantage from the U S West Coast[1] - The company maintains superior service and on-time performance[1] - The China-Long Beach Express (CLX) and CLX+ services offer niche, premium, expedited services from China to Southern California[16] - Matson's CLX is the 1 Transpacific Service and CLX+ is 2[30] - Matson offers the fastest transit time to Guam from the U S West Coast with superior on-time performance[18] Financial Performance and Investments - Matson repurchased approximately 7 5 million shares from August 3, 2021, through December 31, 2022, for a total cost of approximately $597 million[18] - The company has an ongoing new vessel program with an investment of approximately $1 billion[18] - Matson made the first milestone payment of approximately $50 million from the CCF for the new vessel program[31] - The estimated total cost for LNG installation projects on Daniel K Inouye is approximately $35 million, on Manukai is approximately $60 million, and on Kaimana Hila is approximately $35 million[32] - Matson's Return on Invested Capital (ROIC) was 57 8% and Return on Equity (ROE) was 75 8% based on LTM as of 09/30/22[36]

Matson. 1 Investor Presentation │November 2022 Investor Presentation November 2022 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 November 8, 2022. We believe that our expectations and assumptions are reasonable. Actual results may differ materially, due to risks and uncertainties, such as those described on pages 26-37 of our Form 10-Q filed on N ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Not Applicable (Former name, former address, and former fiscal year, if changed since last report) Commission file number 001-34187 Matson, Inc. ...

Financial Data and Key Metrics Changes - Consolidated operating income decreased by $42.6 million year-over-year to $335.3 million, primarily due to a $46.7 million decline in Ocean Transportation, partially offset by a $4.1 million increase in Logistics [28][29] - Interest income was $1.3 million, up from no interest income in the prior year, while interest expense increased by $0.5 million due to premium payments and deferred fee write-offs [30] - The effective tax rate decreased to 20.4% from 24.4% in the previous year [30] Business Line Data and Key Metrics Changes - Ocean Transportation saw lower volumes in CLX, CLX+, and CCX services, contributing to the decline in operating income [7][8] - Logistics operating income increased to $20.1 million, driven by strong performance across all service lines [26] - Hawaii container volume decreased by 7.1% year-over-year, while Alaska container volume increased by 10.6% year-over-year [20][24] Market Data and Key Metrics Changes - Demand for expedited Ocean Services in the Transpacific tradelane decreased, leading to the early termination of the CCX service [10][11] - In Hawaii, domestic tourism was strong, with visitor arrivals projected to reach 90% of pre-pandemic levels in 2022 [15] - The Alaska economy is expected to benefit from increased energy-related activities due to elevated oil prices [16] Company Strategy and Development Direction - The company signed approximately $1 billion in vessel construction agreements for three new LNG-ready Aloha Class vessels, aimed at enhancing capacity and profitability [9][36] - The company is focused on maintaining a disciplined capital allocation strategy while investing for long-term growth [44] - The company aims to reduce greenhouse gas emissions from its fleet by 40% by 2030 [38] Management's Comments on Operating Environment and Future Outlook - Management expects challenging conditions in the Transpacific tradelane for the next two quarters due to lower demand and inventory adjustments by retailers [13] - The company remains confident in its ability to provide value through differentiated services despite macroeconomic uncertainties [42][48] - Management anticipates a gradual recovery in tourism and consumer spending in core markets, although risks remain due to inflation and interest rates [18] Other Important Information - The company repurchased approximately 1.1 million shares for $88.4 million during the third quarter [32] - Total debt at the end of the quarter was $538.1 million, with a prepayment of $50.4 million on outstanding principal [33] Q&A Session Summary Question: Consideration of Capacity Adjustments - Management indicated that they have already removed 25% of capacity by terminating the CCX service and believe current capacity is appropriate for market demand [54][56] Question: Customer Inventory Destocking - Management noted that customers are adjusting inventories, leading to lower cargo movement, but expect some level of cargo flow to continue [58][59] Question: Hawaii Lane Demand - Management expressed that demand in Hawaii is generally more stable due to reliance on ocean freight for daily goods, with continued strong demand expected [61][62] Question: Impact of Declining Rates - Management acknowledged that the impact of declining rates will be more pronounced in the fourth quarter, following the termination of the CCX service [65] Question: Cost Adjustments in Response to Rate Softening - Management confirmed that cost reductions are primarily focused on the elimination of the CCX service, with no significant adjustments planned for other services [69] Question: SSAT Contribution Normalization - Management expects the contribution from the SSAT joint venture to moderate due to lower volumes and congestion, but still anticipates adequate returns [73]

Third Quarter 2022 Earnings Conference Call 1 Third Quarter 2022 Earnings Conference Call November 2, 2022 Matson. 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 November 2, 2022. We believe that our expectations and assumptions are reasonable. Actual results may differ materially, due to risks and uncertainties, such as those described on pages 1 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (State or other jurisdiction of incorporation or organization) 1411 Sand Island Parkway Honolulu, HI (Address of principal executive offices) For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commiss ...

Matson, Inc. (NYSE:MATX) Q2 2022 Results Conference Call August 1, 2022 4:30 PM ET Company Participants Lee Fishman - Senior Director of Investor Relations Matt Cox - Chairman & Chief Executive Officer Joel Wine - Executive Vice President & Chief Financial Officer Conference Call Participants Jack Atkins - Stephens Ben Nolan - Stifel Operator Welcome to the Matson Second Quarter 2022 Financial Results Conference Call. At this time, all participants are in a listen-only mode. After the speaker presentation, ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-34187 Matson, Inc. (Exact name of registrant as specified in its charter) Hawaii 99-0032630 (State or other jurisdiction ...