Matson Investor Presentation Deck

7 China Service Service CLX (started 2005) CLX+ (started May 2020) ● ● Overview of Service ● ● Frequency Weekly from Ningbo/Shanghai Weekly from Ningbo/Shanghai Destination Long Beach • Dedicated terminal space in Long Beach with off-dock container yard • Door-to-door services in coordination with Matson Logistics Long Beach Feeder services from other Asian port origins CLX and CLX+ are premium services providing an alternative to deferred air freight and other ocean carriers Investor Presentation | February 2023 Matson's Focus Continue to differentiate services with reliability as a premium service provider Attract new customers away from air freight Continue to find opportunities to lower breakeven cost on CLX+ ● ● ● ● Market Overview Competitors: - Other transpacific carriers Air freight carriers OFF-DOCK CONTAINER YARD OVERFLOW PIER A- OWNED AND OPERATED BY MATSON JV BONDED OFF-DOCK CONTAINER YARD PRIMARY CLX+ peppe 3.5 miles EXCLUSIVE USE TERMINAL CLX is the #1 Transpacific Service and CLX+ is #2 Expedited, 10-day transit from Shanghai Exclusive terminal (for CLX) - unrivaled speed. Next day cargo availability at off-dock facility CLX Port of Long Beach Matson.

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