Target Hospitality Corp. (TH) 2020年年度报告「NASDAQ」.pdf

1、19MAR2020171332022020|ANNUAL REPORT30MAR202103092650ABOUT TARGET HOSPITALITYTarget Hospitality Corp.(Nasdaq:TH)is one of the largest vertically integrated specialty rentaland hospitality services companies in the United States.We own an extensive network ofgeographically relocatable specialty rental

2、 accommodation units with approximately13,800 beds across 26 sites as of December 31,2020.The majority of our revenues aregenerated under multi-year committed contracts which provide visibility into future earnings andcash flows.We believe our customers enter into contracts with us because of our di

3、fferentiatedscale and ability to deliver premier accommodations and in-house culinary and hospitalityservices across many key geographies in which they operate.For the year ended December 31,2020,we generated revenues of$225 million.Approximately 58.8%of our revenue was earnedfrom specialty rental w

4、ith vertically integrated hospitality,specifically lodging and relatedancillary services,whereas the remaining 41.2%of revenues were earned through leasing oflodging facilities(23.5%)and construction fee income(17.7%)for the year ended December 31,2020.Our company was formed from two leading busines

5、ses in the sector,Target LogisticsManagement LLC(Target)and RL Signor Holdings LLC(Signor).Signor was founded in1990,and Target,though initially founded in 1978,began operating as a specialty rental andhospitality services company in 2006.Our company operates across the U.S.primarily in thePermian B

6、asin in the southwest U.S.,which is the highest producing oil and gas basin in thecountry.We also own and operate the largest family residential center in the U.S.,servingasylum-seeking families with children.Using the Design,Develop,Build,Own,Operate,andMaintain(DDBOOM)business model,Target Hospita