Matson Results Presentation Deck

19 Closing Thoughts We expect the financial performance in 1Q23 to be the weakest of the year - Normal seasonality returns to our domestic tradelanes and Logistics - Expect our China service to experience freight demand below normalized conditions ● In the near-term, we expect: - Continued economic growth in Hawaii, Alaska and Guam to be supportive of freight demand, but recognize the potential economic overhang - Continued challenges in Transpacific tradelane in 1H23 with freight. demand below normalized conditions; improved trade dynamics in 2H23 as the market transitions to a more normalized level of demand Fourth Quarter 2022 Earnings Conference Call Matson.

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