Matson Results Presentation Deck

6 Hawaii Service ● ● Fourth Quarter 2022 Performance Container volume decreased 13.0% YoY - Lower retail- and hospitality-related demand compared to elevated pandemic levels in 4Q21 - Extra week in 4Q21 - 4Q22 volume lower than volume achieved in 4Q19 During 4Q22, domestic tourist arrivals remained relatively strong although a little softer in December Preliminary Fourth Quarter 2022 Earnings Supplement 41,000 39,000 37,000 35,000 33,000 31,000 29,000 27,000 25,000 Container Volume (FEU Basis) Q1 Q2 2021 2022 Note: 4Q21 volume figure includes the benefit of a 53rd week. Q3 Q4 (13.0)% Matson.

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