Investor Presentaiton

TARGET HOSPITALITY Consistent and Predictable Revenue Visibility +80% of Historical Quarterly Revenue Committed or Included Exclusivity ⑰Contract structure, including exclusivity, provide consistent and predictable quarterly revenue ⑰ Emphasizing importance of consistent customer renewal rate of +90% 2019 Committed + Exclusivity 82% 2020 Committed + Exclusivity 82% 2021 Committed + Exclusivity 92% 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Q1 '19 Q2 '19 Q3 '19 Q4 '19 Q1'20 Q2 '20 Q3 '20 Q4'20 Q1'21 Q2 '21 Q3 '21 Q4'21 Tier I Committed Tier II - Exclusivity Renewal Rate Investor Presentation | 22

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