Matson Results Presentation Deck

12 Matson Logistics ● ● Fourth Quarter 2022 Performance Operating income of $12.8 million; YoY decrease of $2.0 million - Primarily due to lower contribution from supply chain management consistent with lower demand in Transpacific tradelane Full Year 2022 Performance Operating income of $72.4 million; YoY increase of $22.6 million - Higher contributions from transportation brokerage and freight forwarding Current Business Trends Expect continued growth in Alaska to be supportive of freight forwarding demand Expect supply chain management to track the China service challenging 1H23 Expect transportation brokerage to weaken from pandemic highs as freight demand normalizes, modal shifts with improved rail conditions and retail customers continue to manage down inventories Fourth Quarter 2022 Earnings Conference Call $25.0 $ in millions $20.0 2$ 15.0 $10.0 $5.0 $ 0.0 Operating Income Q1 Q2 2021 2022 Q3 Q4 Matson.

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