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Investor Presentaiton

Non-GAAP Reconciliations Target Hospitality Corp. Reconciliation of Gross Profit to Adjusted gross profit and Adjusted gross profit margin ($ in thousands) Total Revenue Gross Profit Adjustments: For the Twelve Months Ended December 31, 2021 EA 291,337 101,350 Depreciation of specialty rental assets Adjusted gross profit $ 53,609 154,959 Adjusted gross profit margin 53% TARGET HOSPITALITY Investor Presentation | 26

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