Matson Results Presentation Deck

5 Views on Current Market Environment (continued) Domestic tradelanes • Local economies continue to show economic growth - Hawaii: tourism outlook remains strong with international visitor traffic picking up; tight labor market with low unemployment rate • But there are negative trends that create uncertainty in the economic recovery trajectory in each of the core markets - Alaska: increased energy-related exploration and production activity as a result of elevated oil prices; record permanent fund dividend in 4Q22 - Guam: expect continued improvement in tourism ● ● - Weakening economic conditions in the U.S. and global economies could negatively affect consumer spending and tourism Logistics • Continue to see a solid level of activity at Span Alaska Transportation Brokerage - softer freight volumes due to higher customer inventory levels; softness in TL spot rate market Trend in our Supply Chain business is consistent with the demand for our China service - Household discretionary income likely negatively affected by higher inflation, higher interest rates and lower personal income with end of pandemic-era stimulus Third Quarter 2022 Earnings Conference Call Matson.

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