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Investor Presentaiton

1 Managing Legacy Portfolio TARGET Established Platform North America's largest strategically located network supports an efficient operating structure and provides the optimal foundation to match growing customer demand with minimal capital requirements 27 Premier Communities World Class Customers Top-tier natural resource development customers find enhanced value in the scale and flexibility of Target's world class network, which supports their comprehensive and dynamic labor allocation requirements +47% 2021 labor allocation Proven Results Established scale and premier network supports strong customer demand, best- in-class operating margins, while generating significant discretionary cash flow 32% LTM DCF Yield1 Cash Generation Creates Optimal Scenario to Self-Fund Attractive Growth Opportunities HOSPITALITY Investor Presentation | 12 (1) 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

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