Matson Results Presentation Deck

4 Views on Current Market Environment Transpacific tradelane • In 3Q22, saw lower demand for expedited ocean services in the Transpacific tradelane ● ● - With less demand and easing port congestion in Southern California, the Company ended its temporary CCX service in early September, about six weeks earlier than expected • Currently, expect the next 2 quarters to be challenging in the Transpacific tradelane - Retailers' inventories adjusting to current consumer demand levels - Ocean liners reducing vessel capacity to meet lower demand levels. For remainder of this year and into 1Q23, expect to experience lower YoY freight demand and a lower rate environment for our CLX and CLX+ services ● Freight rates in a transitional decline from the pandemic highs experienced earlier this year Expect to continue to earn a significant rate premium to the SCFI due to our differentiated, reliable and fast ocean services - Brand enhanced during pandemic - Well-positioned for any market cycle with CLX as the fastest service and CLX+ as second. fastest service in the tradelane Third Quarter 2022 Earnings Conference Call Matson.

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