Target Hospitality Corp. (TH) 2019年年度报告「NASDAQ」.pdf

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1、19MAR2020171332022019|ANNUAL REPORT2019 Annual Report ABOUT TARGET HOSPITALITY Target Hospitality Corp.(Nasdaq:TH)is the largest vertically integrated specialty rental and hospitality services company in the United States.We own an extensive network of geographically relocatable specialty rental acc

2、ommodation units with approximately 13,800 beds across 25 sites as of December 31,2019.The majority of our revenues are generated under multi-year committed contracts which provide visibility into future earnings and cash flows.We believe our customers enter into contracts with us because of our dif

3、ferentiated scale and ability to deliver premier accommodations and in-house culinary and hospitality services across many key geographies in which they operate.Approximately 75.6%of our revenue was earned from specialty rental with vertically integrated hospitality,specifically lodging and related

4、ancillary services,whereas the remaining 24.4%of revenues were earned through leasing of lodging facilities(18.6%)and construction fee income(5.8%)for the year ended December 31,2019.For the year ended December 31,2019,we generated revenues of$321.1 million.Our company was formed from two leading bu

5、sinesses in the sector,Target Logistics Management LLC(Target)and RL Signor Holdings LLC(Signor).Signor was founded in 1990,and Target,though initially founded in 1978,began operating as a specialty rental and hospitality services company in 2006.Our company operates across the U.S.primarily in the

6、Permian Basin in the southwest U.S.and Bakken Basin in North Dakota,which are the highest producing oil and gas basins in the country.We also own and operate the largest family residential center in the U.S.,serving asylum-seeking women and children.Using the“Design,Develop,Build,Own,Operate,and Mai