Matson Results Presentation Deck

9 Alaska Service ● ● Fourth Quarter 2022 Performance Container volume decreased 7.7% YoY Lower northbound volume primarily due to one less sailing and one less week - Lower southbound volume primarily due to lower domestic seafood volume and one less week Higher Alaska-Asia Express (AAX) export seafood volume 4Q22 volume higher than volume achieved in 4Q19 Full Year 2022 Performance Container volume increased 8.6% YoY - Higher export seafood volume from AAX - Higher northbound volume primarily due to: Higher retail-related demand and volume related to a competitor's dry-docking Partially offset by one less week Higher southbound volume primarily due to higher domestic seafood volume ● Fourth Quarter 2022 Earnings Conference Call 26,000 24,000 22,000 20,000 18,000 16,000 14,000 12,000 10,000 Container Volume (FEU Basis) Q2 12021 2022 Note: 4Q21 volume figure includes the benefit of a 53rd week. Q1 Q3 T Q4 (7.7)% Matson.

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