Investor Presentaiton

TARGET HOSPITALITY Diversified Value-Enhancing Business Model Strategically Focused on Enhancing Value through a Balanced Portfolio of Service Offerings Premier Network Network size and scale provide efficient operating structure and promote meaningful strategic advantages in servicing a diversified customer base Distinct Core Competencies Best in class customers find increasing value in Target's distinctive set of core competencies which provide the basis for comprehensive hospitality solutions including: - Food Management - Workforce Accommodations - Logistics - Lodging Infrastructure - Facilities Maintenance - Premium Catering Unique Capabilities Target's premium service offerings provide the basis for expanding its commercial reach beyond its core accommodations platform while unlocking value within its existing core competencies. Target's suite of comprehensive hospitality service offerings and unique capabilities translate across a variety of end markets, creating multiple growth vectors to further enhance value. Creating Value with Existing Core Competencies Utilizing existing capabilities to identify and pursue high growth opportunities, with limited infrastructure capital, generating industry leading returns on invested capital Diversified customer base creates unique opportunities to accelerate value creation across multiple growth platforms Estimated Full Year 2022 Total Revenue (1) Government 55% HFS and Other(3) 45% $330.0 Estimated 2022 Average Available Beds (2) Government 43% 14,979 HFS and Other(3) 57% (1) Represents mid-point of 2022 financial outlook, as announced on March 10, 2022 (2) Represents anticipated average available beds as of December 31, 2022. Comprised of 6,400 available Government beds and 8,579 available HFS and Other beds (3) Includes HFS-South, HFS- Midwest, TCPL Keystone and All Other segments Investor Presentation | 6

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