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

2020: Record Financial Results NXST Generated Record 2020 Financial Results NXST 2020 Financial Results Y/Y and Political Even-Year Comparison 1,2 NXST 2020 Revenue Growth Television Advertising Revenue Distribution, Digital & Other Revenue $ millions NXST FY20 Revenue Mix (% of Total Net Revenue) Retrans & Digital 53% Other 1% NXST FY20 Net Revenue ~$4.5 Billion Television Advertising 46% 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 February 23, 2021 For detailed disclosure, please see Company’s Annual Report on Form 10 -K for the twelve month period ended December 31, 2020 8 12M Ended Dec. 31 (in millions) 12M Change (%) 2020 2019 2018 ‘20 vs. ‘19 ‘20 vs. ‘18 Net Revenue $4,501.3 $3,039.3 $2,766.7 +48.1% +62.7% Net Income $808.1 $236.3 $388.3 +242.0% +108.1% Adjusted EBITDA (Before 1x Transaction Exp.) $1,995.6 $972.3 $1,031.9 +105.3% +93.4% Adjusted EBITDA $1,951.2 $898.1 $1,023.4 +117.2% +90.7% Free Cash Flow ( Before 1x Transaction Exp.) $1,304.6 $520.9 $692.7 +150.5% +88.3% Free Cash Flow $1,280.1 $439.5 $684.2 +191.3% +87.1% $1,335 $1,571 $52 $508 FY19 FY20 +49.9% $1,387 $2,079 $1,369 $2,153 $242 $223 $42 $47 FY19 FY20 +46.6% $1,652 $2,423 ▪ NXST generated record net revenue, Adjusted EBITDA and free cash flow in 2020 ▪ Though guidance was suspended, NXST full year 2020 free cash flow was ultimately in line with pre- pandemic expectations ▪ NXST lowered YE20 total net leverage to 3.6x , in line with previously stated goal of reaching high 3.0x by YE20