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

$60 $34 $81 $85 $160 $208 $245 $469 $684 $439 $1,280 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 $112 $96 $146 $167 $235 $305 $405 $743 $1,023 $898 $1,951 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Historical Financial Summary (in millions) 19 FY Net Revenue FY Adjusted EBITDA (1) FY Free Cash Flow (1) 31% 36% 31% 39% 33% 37% 34% 1) Definitions and disclosures regarding non- GAAP financial information can be located in the Company’s Fourth Quarter 2020 Financi al Results press release dated February 23, 2020 *Reported Adjusted EBITDA and Free cash flow including transaction expenses in the twelve month period ended December 31 of $44.4 million in 2020, $74.1 million in 2019, $8.5 million in 2018, $58.9 million in 2017 and $8.9 million in 2016. 2020 Adjusted EB ITDA and FCF includes $223.7 million of cash distributions from Nexstar’s 31% ownership of TV Food Network. Adjusted EBITDA before transaction expenses in the twelve month period ended December 31 was $1,995.6 million (44.0% margin) in 2020, $972.3 million (32.0% margin) in 2019, $1,031.9 million (28.6% margin) in 2018, $802.2 million (33.0% margin) in 2017 and $414.3 million (37.6% margin) in 2016 Free cash flow before transaction expenses in the twelve month period ended December 31 was $1,304.6 million in 2020, $520.9 million in 2019, $692.7 million in 2018, $528.0 million in 2017 and $253.6 million in 2016 37% * * * * 37% * * * * 30% FY Income From Operations $313 $306 $379 $502 $631 $896 $1,103 $2,432 $2,767 $3,039 $4,501 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 43% * * $31 $48 $100 $103 $173 $206 $287 $506 $758 $655 $1,375 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020