Matson Results Presentation Deck
Commentary on the Transpacific Tradelane
• Currently in the Transpacific marketplace, we are seeing modest reductions in deployed.
capacity and retail inventories are in a relatively better position than earlier in the year,
but retailers continue to carefully manage inventory levels in the face of lower
consumer demand
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• We further expect the tradelane to experience a muted peak season, but for Matson,
we expect our China service to be near full during the traditional peak season
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Absent an economic "hard landing" in the U.S., we continue to expect trade dynamics
to gradually improve for the remainder of the year as the Transpacific marketplace
transitions to a more normalized level of consumer demand and retail inventory
stocking levels
Regardless of the economic environment, we expect to continue to earn a significant
rate premium to the Shanghai Containerized Freight Index (SCFI) reflecting our fast
and reliable ocean services and unmatched destination services
5 Preliminary Second Quarter 2023 Earnings Supplement
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