Matson Results Presentation Deck

17 Review of 2022 Capital Expenditures Capitalized vessel construction expenditures Maintenance and other capital expenditures Total capital expenditures Fourth Quarter 2022 Earnings Conference Call FY 2022 $62.4 million $146.9 million $209.3 million Comments $11.9 million for new inter-island barge placed into service in 3Q22 $50.5 million for new vessel milestone payment in 4Q22 and other related costs ● ● • $60.5 million in equipment capex to support ● new tradelane services and provide fluidity in the network ● • $21.3 million in capex for LNG installations on Daniel K. Inouye, Kaimana Hila and Manukai $65.1 million in other maintenance capex for a variety of projects ● Matson.

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