Matson Results Presentation Deck

3 Opening Remarks • Matson's Ocean Transportation and Logistics business segments performed well despite a challenging business environment and sluggish economic growth • Ocean Transportation 2Q23: Our China service saw higher sequential quarterly freight demand but generated lower year-over-year volume and freight rates, which were the primary contributors to the decline in our consolidated operating income - Lower year-over-year volumes in Hawaii, Alaska and Guam compared to year ago period • Logistics 2Q23: ● - Lower YoY operating income primarily due to lower contributions from transportation brokerage and supply chain management Second Quarter 2023 Earnings Conference Call Matson.

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