Matson Results Presentation Deck
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Preliminary Third Quarter 2022 Results
• Matson's differentiated ocean services performed well in 3Q22, but the Company
achieved lower year-over-year consolidated operating income
- Lower demand for expedited ocean services in the Transpacific tradelane compared to the
high levels of freight demand during the pandemic in the year ago period
• Ocean Transportation:
- Our CLX, CLX+ and CCX services achieved lower year-over-year volumes which contributed
to the decline in our consolidated operating income
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- Higher year-over-year volume in Alaska service; lower volumes in Hawaii and Guam services
compared to year ago period
- Strength across all business lines
- Continued to see favorable supply and demand fundamentals in our core markets
• In 3Q22, repurchased ~1.1 million shares for a total cost of $88.4 million
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Logistics:
Continue to make progress in the evaluation of three new vessels for either the CLX or
Alaska service
- Estimated total cost of new vessel program ~$1 billion
Contributed $565.0 million in cash to Capital Construction Fund to fund new vessel program
Prepaid $50.4 million in outstanding principal on long-term debt
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Preliminary Third Quarter 2022 Earnings Supplement
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