Nexstar Media Group, Inc. · NASDAQ:NXST
Nexstar Media — Nexstar Broadcasting Group — Global High Yield & Leveraged Finance Conference (March 2016)
11 slides from Nexstar Media's conference presentation, Mar 1, 2016
Slide 1: Global High Yield & Leveraged Finance Conference
Global High Yield & Leveraged Finance Conference Keeping it Local NXST: NASDAQ March 1, 2016 Tom Carter, EVP & CFO Nexstar Broadcasting Group, Inc.
Slide 2: Safe Harbor
Safe Harbor Additional Information This communication does not constitute an offer to buy or solicitation of an offer to sell any securities. In connection with the Agreement and Plan of Merger, by and between Nexstar Broadcasting Group, Inc. (“Nexstar”), Media General, Inc. (“Media General”) and Ne
Slide 3: Keeping it Local/Driving Diversification
Keeping it Local/Driving Diversification Local Diversified Media Company with Leading Broadcast Television and Digital Media Properties 104 Full Power 37 Duopoly +1,640 Weekly 60+ Community TV Stations Markets Local News Hours Web Portals 62 Markets ~18.1% U.S. ~80% “Big 4” Profitable Digital 25 Sta
Slide 4: Recent Key Operating Events
Recent Key Operating Events Record Financial Results 12M Ended Dec 31 (in millions) Change (%) last odd-year 2015 2014 2013 FY15 vs. FY14 FY15 vs. FY13 non-political cycle Net Revenue $896.4 $631.3 $502.3 +42.0% +78.5% Broadcast Cash Flow $350.0 $269.9 $193.0 +29.7% +81.3% Adjusted EBITDA $305.1 $
Slide 5: Transformational Acquisitions and Operating Strategies Driving Record FCF
Transformational Acquisitions and Operating Strategies Driving Record FCF Agreement to acquire MEG represents transformative and strategically / financially compelling growth opportunity – Creates second-largest broadcast television group with leading digital media platform – Pro forma operating b
Slide 6: Retransmission and Digital Media Revenue
Retransmission and Digital Media Revenue Retransmission and Digital Media revenue is materially diversifying NXST’s total net revenue NXST Retransmission & Digital Media Revenue NXST Retransmission Revenue ($ millions) $298.0 (% of Total Net Revenue) Retransmission Revenue as a % of Total Net Revenu
Slide 7: Growing Two-Year Free Cash Flow Cycle (FY)
Growing Two-Year Free Cash Flow Cycle (FY) Significant FCF Growth Since IPO NXST FCF based on two year cycles $368.0 ($ in millions) $165.4 $94.3 $45.4 $55.5 $46.2 2004/2005 2006/2007 2008/2009 2010/2011 2012/2013 2014/2015 Organic growth, fueled by political and retransmission revenues, and contrib
Slide 8: Consolidation Is Reshaping the Industry Landscape
Consolidation Is Reshaping the Industry Landscape Sorted by percent of US TV households reached 2011 – 33 Major Affiliate Groups 26% 20% 18% 18% 13% 14% 9% 10% 10% 10% 10% 6% 6% 6% 6% 6% 7% 7% 8% 4% 4% 4% 4% 5% 2% 2% 3% 3% 3% 3% 3% 3% 3% 2016 (Pro-Forma) for all announced transactions – 15 Major Aff
Slide 9: 2015 Financial Summary
2015 Financial Summary 1) Definitions and disclosures regarding non-GAAP financial information can be located in the Company’s Fourth Quarter 2015 Financial Results press release dated February 25, 2016. 2) Broadcast cash flow margin is broadcast cash flow as a percentage of net revenue. Adjusted EB
Slide 10: Debt/Leverage Analysis
Debt/Leverage Analysis TTM ENDED (in millions) 12/31/2011 12/31/2012 12/31/2013 12/31/2014 12/31/2015 Revolver $ 24.3 $ - $ - $ 5.5 $ 2.0 TLB 148.1 288.3 545.4 705.1 682.2 8.875% Sr Sec 2nd Lien Notes 318.4 319.4 - - - 6.875% Sr Sub Notes - 250.0 525.7 525.6 519.8 6.125% Sr Sub Notes - - - - 272.2 7
Slide 11: Global High Yield & Leveraged Finance Conference
Global High Yield & Leveraged Finance Conference Keeping it Local NXST: NASDAQ March 1, 2016 Tom Carter, EVP & CFO Nexstar Broadcasting Group, Inc.
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