Matson Results Presentation Deck
11
SSAT Joint Venture
●
●
●
Fourth Quarter 2022 Performance
Terminal joint venture contribution was $1.0 million;
YOY decrease of $20.3 million
- Primarily due to lower other terminal revenue,
lower lift volume and higher operating costs
Full Year 2022 Performance
Terminal joint venture contribution was $83.1 million;
YoY increase of $26.8 million
- Primarily due to higher other terminal revenue
Current Business Trends
Expect 1H23 lift volume to reflect challenging
environment in Transpacific tradelane
• Absent an economic "hard landing," expect to trend to
pre-pandemic profitability levels in 2H23
For the year, expect significantly lower other terminal
revenue due to easing of port congestion
Fourth Quarter 2022 Earnings Conference Call
in millions
SA
Equity in Income of Joint Venture
$40.0
$35.0
$30.0
$25.0
$20.0
$15.0
$10.0
$5.0
$0.0
Q1
Q2
12021 12022
Q3
Q4
Matson.View entire presentation