bristol bay native corporation “the learning curve during the first decade was phenomenal: learn...

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

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

• Conservation Lands

• State Lands

• Native Lands

• Federal Lands

Bristo

l Bay

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

•Togiak National Wildlife Refuge

•Katmai National Park and Preserve

•Becharof National Wildlife Refuge

•Black sand beaches

•Mountain ranges

•Lowland tundra

•Wetlands

•Volcanoes

•Abundant flora and fauna

•Wild and scenic rivers

•29 villages

•Eskimo, Aleut, and Athabascan people

•Each have own distinct Native language and dialect

•Local arts and crafts

•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

•Caribou

•Moose

•Bear

•Walrus

•Beaver

•Porcupine

•Otter

•Fox

•Wildlife viewing

•Boating and rafting

•Fishing

•Hunting

•Traditional subsistence activities

•Air tours

•Hiking

•Cannery and museum tours

•Historic sites

•Subsistence

•Commercial Fishing

•Government

•Tourism

•Construction

•ANCSA capital received:

∙$32 million

∙3 million acres

•Major investments:

∙Peter Pan Seafoods $13 million gain

∙Hilton Hotel $46 million gain

•Revenue ~$1 billion

•Investment portfolio >$100 million today

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

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

∙ Given over $1.4 m

•Established shareholder management training program, Training Without Walls

“The outlook is

fabulous.

You can be anything

you want to be.”

Roger LangAlaska Federation

of Natives President

Bristol Bay Native

Corporation