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Bristol Bay Native Corporation “The learning curve during the first decade was phenomenal: learn about the Act, learn about business (competition, financial statements, management), learn about corporations, choose a CEO, select land, pick investments, and communicate all this to the shareholders.” Harvey Samuelson BBNC Director and Former President

Bristol Bay Native Corporation “The learning curve during the first decade was phenomenal: learn about the Act, learn about business (competition, financial

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Page 1: Bristol Bay Native Corporation “The learning curve during the first decade was phenomenal: learn about the Act, learn about business (competition, financial

Bristol Bay Native

Corporation

“The learning curveduring the first decade was phenomenal: learn

about the Act, learn about business (competition, financial statements, management), learn about corporations,

choose a CEO, select land, pick investments,

and communicate all this to the shareholders.”

Harvey SamuelsonBBNC Director and Former

President

Page 2: Bristol Bay Native Corporation “The learning curve during the first decade was phenomenal: learn about the Act, learn about business (competition, financial

Bristol B

ay

•150 miles southeast of Anchorage, Alaska

•Total land 34 million acres or 40,000 square miles

•ANCSA subsurface conveyance 2.7 million acres

•ANCSA surface and subsurface conveyance 101,500 acres

Page 3: Bristol Bay Native Corporation “The learning curve during the first decade was phenomenal: learn about the Act, learn about business (competition, financial

• Conservation Lands

• State Lands

• Native Lands

• Federal Lands

Bristo

l Bay

Page 4: Bristol Bay Native Corporation “The learning curve during the first decade was phenomenal: learn about the Act, learn about business (competition, financial

•Wood-Tikchik State Park (largest state park system in United States)

•Togiak National Wildlife Refuge

•Katmai National Park and Preserve

•Becharof National Wildlife Refuge

Page 5: Bristol Bay Native Corporation “The learning curve during the first decade was phenomenal: learn about the Act, learn about business (competition, financial

•Black sand beaches

•Mountain ranges

•Lowland tundra

•Wetlands

•Volcanoes

•Abundant flora and fauna

•Wild and scenic rivers

Page 6: Bristol Bay Native Corporation “The learning curve during the first decade was phenomenal: learn about the Act, learn about business (competition, financial

•29 villages

•Eskimo, Aleut, and Athabascan people

•Each have own distinct Native language and dialect

•Local arts and crafts

Page 7: Bristol Bay Native Corporation “The learning curve during the first decade was phenomenal: learn about the Act, learn about business (competition, financial

•World-renowned salmon runs

King, sockeye, silver, chum, pink

•Plus rainbow trout, arctic char, grayling, northern pike, lake trout, and Dolly Varden

•Beluga whales and orcas follow salmon runs

Page 8: Bristol Bay Native Corporation “The learning curve during the first decade was phenomenal: learn about the Act, learn about business (competition, financial

•Caribou

•Moose

•Bear

•Walrus

•Beaver

•Porcupine

•Otter

•Fox

Page 9: Bristol Bay Native Corporation “The learning curve during the first decade was phenomenal: learn about the Act, learn about business (competition, financial

•Wildlife viewing

•Boating and rafting

•Fishing

•Hunting

•Traditional subsistence activities

•Air tours

•Hiking

•Cannery and museum tours

•Historic sites

Page 10: Bristol Bay Native Corporation “The learning curve during the first decade was phenomenal: learn about the Act, learn about business (competition, financial

•Subsistence

•Commercial Fishing

•Government

•Tourism

•Construction

Page 11: Bristol Bay Native Corporation “The learning curve during the first decade was phenomenal: learn about the Act, learn about business (competition, financial

•ANCSA capital received:

∙$32 million

∙3 million acres

•Major investments:

∙Peter Pan Seafoods $13 million gain

∙Hilton Hotel $46 million gain

Page 12: Bristol Bay Native Corporation “The learning curve during the first decade was phenomenal: learn about the Act, learn about business (competition, financial

•Revenue ~$1 billion

•Investment portfolio >$100 million today

•Dividends have increased steadily from $1 to $8.60 annually—totaling over $75 million since 1971

Page 13: Bristol Bay Native Corporation “The learning curve during the first decade was phenomenal: learn about the Act, learn about business (competition, financial

•Formed educational foundation with endowment in order to grant scholarships:

∙ Given over $1.4 m

•Established shareholder management training program, Training Without Walls

Page 14: Bristol Bay Native Corporation “The learning curve during the first decade was phenomenal: learn about the Act, learn about business (competition, financial

“The outlook is

fabulous.

You can be anything

you want to be.”

Roger LangAlaska Federation

of Natives President

Bristol Bay Native

Corporation