Nexstar Media Group, Inc. (NXST) Corporate Media Kit

2021: Record First Quarter Financial Results NXST Generated Record First Quarter Financial Results in 2021 NXST 2021 Financial Results Y/Y and Non-Political Odd-Year Comparison 1,2 NXST First Quarter 2021 Revenue Growth Television Advertising Revenue Distribution, Digital & Other Revenue $ millions NXST 1Q21 Revenue Mix (% of Total Net Revenue) Retrans & Digital 62% Other 1% NXST 1Q21 Net Revenue ~$1.1 Billion Television Advertising 37% Core Political Distribution Digital Other For a reconciliation of non- GAAP financial measurements, please see the supplemental tables at the end of Nexstar’s second quart er financial results press release dated May 4, 2021 For detailed disclosure, please see Company’s Annual Report on Form 10 -Q for the twelve month period ended March 31, 2021 11 3M Ended Mar. 31 (in millions) 3M Change (%) 2021 2020 2019 ‘21 vs. ‘20 ‘21 vs. ‘19 Net Revenue $1,113.9 $1,091.8 $626.6 +2.0% +77.8% Net Income $199.2 $157.7 $56.9 +26.3% +250.1% Adjusted EBITDA (Before 1x Transaction Exp.) $572.6 $565.2 $183.8 +1.3% +211.5% Adjusted EBITDA $571.4 $557.2 $178.4 +2.5% +220.3% Free Cash Flow ( Before 1x Transaction Exp.) $484.6 $430.4 $125.8 +12.6% +285.2% Free Cash Flow $483.5 $423.0 $120.4 +14.3% +301.6% $252 $417 $412 $1 $55 $5 1Q19 1Q20 1Q21 $253 $417 $314 $550 $621 $53 $56 $66 $7 $13 $9 1Q19 1Q20 1Q21 $373 $619 ▪ NXST’s record first quarter net revenue reflects double-digit digital and distribution revenue and a continued recovery in core advertising ▪ NXST’s r ecord first quarter Adjusted EBITDA and free cash flow include ~$178 mm in cash distributions from NXST’s 31.3% ownership stake in TV Food Network ▪ NXST lowered total net leverage to 3.4x, compared to 3.6x at year-end 2020 $473 $697