Investor Presentaiton

Target Hospitality (NASDAQ: TH) North America's Largest Provider of Comprehensive Hospitality Solutions TH operates North America's largest network of geographically relocatable assets with 14,743 average available beds across 27 locations TH leverages a premier network and first-class customer base, which provides increased revenue visibility through minimum revenue commitment contracts and customer exclusivity provisions Servicing a diversified customer base including Government and non- profits in support of humanitarian aid efforts Utilizing distinct core competencies to provide a comprehensive suite of hospitality solutions WYOMING NORTH DAKOTA OKLAHOMA Key Differentiating Attributes T North America's Largest Network Premier Customers Diversified Service Offerings T Exceeding Analyst Expectation TARGET HOSPITALITY Strategically located network creates scale and flexibility that continues to drive profitability Long-standing customer relationships; > 4 yrs. wtd. avg. contract duration and +90% contract renewal rate drives visibility Distinct core competencies provide unique opportunities to drive value enhancing diversification Executing against expectations, with seven consecutive quarterly "Beats" versus analyst estimates NEW MEXICO PP TEXAS ® TARGET HOSPITALITY LOCATIONS HFS SOUTH GOVERNMENT HFS MIDWEST OTHER LTM Total Revenue (1) Government 54% $291.3 HFS and Other(3) 46% LTM Discretionary Cash Flow ("DCF") Yield(2) 32% (1) $ in millions, total consolidated revenue for the twelve months ended December 31, 2021 (2) Defined as Discretionary Cash Flow for the twelve months ended December 31, 2021 divided by total consolidated revenue for the twelve months ended December 31, 2021. Discretionary Cash Flow is a non-GAAP financial measure; see appendix for a reconciliation to GAAP measures (3) Includes HFS-South, HFS- Midwest, TCPL Keystone and All Other segments Investor Presentation | 3

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