Matson Results Presentation Deck

● ● China Service - Current Business Trends Currently in the Transpacific marketplace, business conditions remain challenging - Retailers continue to right-size inventories amid weakening consumer demand, increasing interest rates and economic uncertainty Expect our CLX and CLX+ services in 1Q23 and 1H23 to reflect freight demand levels below normalized conditions with lower YoY volumes and a lower rate environment • Absent an economic "hard landing" in the U.S., expect improved trade dynamics in 2H23 as the Transpacific marketplace transitions to a more normalized level of demand Regardless of the economic environment, we operate the two fastest and most reliable ocean services and, as a result, we expect to continue to earn a significant rate premium to the SCFI 7 Fourth Quarter 2022 Earnings Conference Call Matson.

View entire presentation