Matson Results Presentation Deck

7 China Service ● First Quarter 2023 Performance Container volume decreased 35.4% YoY - No CCX service in 1Q 23 . CCX service discontinued in 3Q22 - Lower demand for our CLX and CLX+ services • Lower average freight rates YoY, but higher than in 1Q19 Preliminary First Quarter 2023 Earnings Supplement 53,000 48,000 43,000 38,000 33,000 28,000 23,000 18,000 13,000 8,000 Container Volume (FEU Basis) Q1 (35.4)% Q2 2022 2023 Note: CCX service started in 3Q21 and ended in 3Q22. Q3 Q4 Matson.

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