Matson Results Presentation Deck slide image

Matson Results Presentation Deck

10 ● ● ● Alaska Service - Current Business Trends Alaska economy continues to show good growth and improvement in key indicators from the depths of the pandemic Low unemployment rate In the near-term, we expect continued economic growth in the State Continued jobs growth ● Federal infrastructure bill expected to lead to more employment growth - Increased energy-related exploration and production activity as a result of elevated oil prices However, economic growth trajectory is uncertain given negative trends as a result of higher inflation, higher interest rates and the end of the pandemic-era stimulus helping personal income (1) Source: https://labor.alaska.gov/trends/jan23.pdf (2) Source: https://live.laborstats.alaska.gov/labforce/000000/01/ces.html (3) Source: https://live.laborstats.alaska.gov/pop/estimates/data/Components OfChangeAK.xls Fourth Quarter 2022 Earnings Conference Call 4.0% 2.0% 0.0% -2.0% € -4.0% -6.0% -8.0% -10.0% YoY Growth in Employment YoY Growth in Population Alaska Employment Growth (1)(2) 1.4% 1.2% 1.0% 0.8% 0.6% 0.4% 0.2% 0.0% -0.2% -0.4% -0.6% 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022E 2023P Alaska Population Growth and Net Migration (³) ||....² Population Growth Net Migration 25,000 20,000 15,000 10,000 5,000 0 Net Migration (5,000) (10,000) Matson.
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