Central Pacific Financial Investor Presentation Deck

1 Well positioned to capitalize on improving Hawaii trends KEY HAWAII ECONOMIC METRICS Tourism Visitor arrivals YTD compared to 2019 90% Growth Real GDP projected 2022 increase 4.4%¹ Central Pacific Financial Corp. Employment Unemployment Rate September 2022 3.5% Housing Oahu Median Single- Family Home Price October 2022 $1.05 Million FACTORS FOR A FAVORABLE HAWAII OUTLOOK Rebound in International visitors expected Japanese visitors to Hawaii expected to increase as travel restrictions have been removed ● Military spending serves a prominent and growing role in Hawaii's economy ● ● Hawaii based U.S. Indo-Pacific Command oversees the military's largest theater of operations Continued housing strength and development Significant home construction ongoing with two major master-planned community projects being built in West Oahu totaling over 15,000 homes Defense spending in Hawaii totaled $7.9 billion in 2021 or 8.3% of Hawaii's GDP ● 1 Source: University of Hawaii Economic Research Organization (UHERO). D606060606

View entire presentation