Alexander & Baldwin : June Investor Presentation

ALEX

Premier Hawaii

Commercial Real

Estate

Company

Investor Presentation As of June 30, 2023

Safe Harbor Statement

Statements in this presentation that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements.

These forward-looking statements include, but are not limited to, statements regarding possible or assumed future results of operations, business strategies, growth opportunities and competitive positions. Such forward-looking statements speak only as of the date the statements were made and are not guarantees of future performance. Forward-looking statements are subject to a number of risks, uncertainties, assumptions and other factors that could cause actual results and the timing of certain events to differ materially from those expressed in or implied by the forward-looking statements. These factors include, but are not limited to, prevailing market conditions and other factors related to the Company's REIT status and the Company's business, results of operations, liquidity and financial condition, and the evaluation of alternatives by the Company related to its materials and construction business, as well as other factors discussed in the Company's most recent Form 10-K, Form 10-Q and other filings with the SEC. The information in this presentation should be evaluated in light of these important risk factors. We do not undertake any obligation to update the Company's forward-looking statements.

Partners for Hawai'i

Alexander & Baldwin NYSE: ALEX

INVESTMENT SUMMARY

3

Premier

Hawaii REIT

Investment

Opportunity

PROVEN

MANAGEMENT TEAM

Diverse Experience and Deep Local Roots

SUPERIOR

MARKET FUNDAMENTALS

Dynamic, Growing Market with Structural Limitations on New Supply

HIGH-QUALITY

PORTFOLIO

Irreplaceable assets

OPPORTUNITIES

FOR GROWTH

Embedded Internal Growth Opportunities and

Competitive Advantage with Hawaii Focus

Partners for Hawai'i

Alexander & Baldwin

NYSE: ALEX

Hawaii Market

Partners for Hawai'i

Alexander & Baldwin NYSE: ALEX

Hawaii Market

5

Perception: Tourism is Hawai`i's One-Trick Economic

Pony

Source: Hawaii Department of Business, Economic Development & Tourism

Data provided for informational purposes only; no endorsement implied.

Partners for Hawai'i

Alexander & Baldwin

NYSE: ALEX

Disclaimer

Alexander & Baldwin Inc. published this content on 04 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2023 19:43:24 UTC.