Matson Results Presentation Deck

3 Opening Remarks In 4Q22, Matson's Ocean Transportation and Logistics business segments performed well in a difficult business environment • Matson is in a solid financial position. ● - Low leverage - Currently, ~$622 million in Capital Construction Fund for new vessel program (1) - In FY2022, returned $445 million in cash to shareholders. • Ocean Transportation 4Q22: - Our China service achieved lower year-over-year volume and freight rates which contributed to the decline in our consolidated operating income - Lower year-over-year volumes in Hawaii, Alaska and Guam compared to year ago period Logistics 4Q22: - Lower YoY operating income primarily due to lower contribution from supply chain management consistent with lower demand in Transpacific tradelane (1) Based on CCF balance of $518 million as of December 31, 2022, $4 million in interest income on CCF cash deposits year-to-date in 2023 and $100 million cash deposit in February 2023. Matson. Fourth Quarter 2022 Earnings Conference Call

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