Investor Presentaiton
Strategic Principles Support Positive Momentum
Continued Strength in Core Business and Customer Demand
Diversification of End-Markets Provides Strong Revenue Visibility
Generating Meaningful Discretionary Cash Flow T
Estimated Full Year 2022 Revenue
Approximately 71% of expected full year 2022 revenue has
committed payment provisions and approximately 92% is
under contract, including exclusivity
TARGET
HOSPITALITY
2022 Preliminary Financial Outlook (1)
Sustained momentum and strong business fundamentals
promotes increased commercial activity and continued
strengthening customer demand
Target's strong foundation and enhanced financial position
creates the opportunity to continue pursuing strategic value
enhancing growth initiatives
100%
80%
60%
Preliminary Full Year
2022 Outlook Range
Adjusted EBITDA (2)
Total Capital Spending
(3)
SSS
$
325
$
335
$
125
$
135
$
12
$
17
92%
($ in millions)
40%
Total Revenue
71%
20%
0%
Committed
Under Contract
(1) As provided on March 10, 2022
(2) Information reconciling forward-looking Adjusted EBITDA to GAAP financial measures is unavailable to the Company without unreasonable effort, and therefore,
no reconciliation to the most comparable GAAP measures is provided for the 2022 preliminary financial outlook
(3) Total capital expenditures, excluding acquisitions
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