Matson Results Presentation Deck

3 Preliminary Fourth Quarter 2022 Results • Matson's Ocean Transportation and Logistics business segments performed well in a difficult business environment ● Ocean Transportation: - 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: - Lower YoY operating income primarily due to lower contribution from supply chain management consistent with lower demand in Transpacific tradelane • In 4Q22, repurchased ~1.5 million shares for a total cost of $101.9 million Preliminary Fourth Quarter 2022 Earnings Supplement Matson.

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