Matson Results Presentation Deck
16
Update on New Vessel and LNG Projects
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Continue to evaluate refleeting options for the Alaska tradelane
- Leaning towards the option to construct three new LNG-ready Aloha Class
vessels for the CLX and move three smaller, older CLX vessels into the
Alaska service
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Estimated total cost of ~$1 billion before owner's items
Would allow us to upsize the CLX service by approximately 500 containers of
capacity per vessel and expect the additional capacity to be a meaningful EBITDA
contributor
Capital Construction Fund (CCF)
Expect to make a ~$500 million cash deposit before end of 3Q22
- Expect to generate a refund to 2021 federal and state cash tax payments
LNG installation projects on Daniel K. Inouye and Manukai remain on
track; continue to evaluate LNG installation projects on Kaimana Hila,
Lurline and Matsonia
• Reiterate 2022 capex of $160 to $180 million
Second Quarter 2022 Earnings Conference Call
Matson.View entire presentation