Matson Results Presentation Deck

17 Closing Thoughts ● ● We expect (i) the consolidated operating income in 3Q23 to be higher than the level achieved in 2Q23 and (ii) the consolidated operating income in 4Q23 to approach the level achieved in 1Q23 - Normal seasonality trends have returned to our domestic tradelanes and Logistics - Expect our China service to be near full during the traditional peak. season - Expect CLX and CLX+ freight rates in 2H23 to be well above pre- pandemic rates Solid 1H23 financial performance despite the challenging business environment • Feel very good about our market positioning in Ocean Transportation and Logistics Evaluating return of annual financial outlook with the release of 4Q23 earnings in February Second Quarter 2023 Earnings Conference Call Matson.

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