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Alexander & Baldwin's CEO Discusses Separation Plan Announcement (Transcript)

Alexander & Baldwin, Inc. (ALEX)

Separation Plan Announcement Conference Call

December 02, 2011 08:00 am ET

Executives

Suzy Hollinger - Director, IR

Stan Kuriyama - President & CEO

Joel Wine - CFO

Chris Benjamin - President, Alexander & Baldwin Land Group

Matt Cox - President, Matson Navigation Company

Analysts

Jack Atkins - Stephens Inc.

Sheila Mcgrath - KBW

Brendan Maiorana - Wells Fargo

Presentation

Operator

Good day, ladies and gentlemen and welcome to the Alexander & Baldwin Inc Separation Plan announcement webcast. My name is Diana and I will be the operator for today. At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer session. (Operator Instructions) As a reminder, today’s conference is being recorded for replay purposes. I would now like to turn the call over to your host, Ms. Suzy Hollinger, Director, Investor Relations. Please proceed Ma’am.

Suzy Hollinger

Thank you, operator. Hello and welcome to Alexander & Baldwin’s call to discuss our plans to separate our land and transportation company. On the call with me today are Stan Kuriyama, Alexander & Baldwin President and CEO; Joel Wine, CFO; Chris Benjamin, President of Alexander & Baldwin Land Group; and Matt Cox, President of Matson Navigation Company.

Before we commence, please note that statements in this call and presentation that set forth expectations or predictions are based on facts and situations that are known to us as of today, December 2, 2011. Actual results may differ materially due to risks and uncertainties such as those described in our December 1 press release announcing the separation plans and on pages 17 through 25 of our 2010 Form 10-K and our other subsequent filings with the SEC.

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