Matson Investor Presentation Deck

9 Alaska Service ● ● ● ● ● ● ● ● Overview of Service Twice weekly service to Anchorage and Kodiak Weekly service into Dutch Harbor Matson is the only U.S. containership operator serving Kodiak and Dutch Harbor Market Overview Competitors: TOTE, barges, air freight and OTR trucking Air freight rates are very high relative to the cost of goods being shipped NB volume growth tied to Alaska's economy SB and Alaska-to-Asia Express (AAX) volume tied to seasonality of seafood harvests Matson's Focus Maintain excellence in on-time cargo availability Expand premium SB service differentiation Market AAX service Investor Presentation | November 2023 Current 3-Ship Deployment Dutch Harbor, Alaska Anchorage Kodiak ALD: Tacoma-Anchorage-Kodiak-Dutch Harbor-Tacoma ALA: Tacoma-Anchorage-Kodiak-Tacoma Tacoma Note: Picture excludes AAX service from Dutch Harbor as backhaul service on the CLX+. Matson.

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