2019 BBNC Annual Report | Page 6

MESSAGE TO SHAREHOLDERS A YEAR OF PLACE & PURPOSE Tamarmeng Waken Ayagningqertut: Everything starts here. This Yup’ik phrase has been shared and spoken in Bristol Bay for generations. It was a guiding theme when BBNC was established 47 years ago and remains true to this day. Everything we do, whether for our shareholders, communities, or business, starts here. Bristol Bay is home; it’s where we got our start; and it will always be woven into the fabric of BBNC. Fiscal Year 2019 (FY2019) was a year where this spirit of home and place was more true than ever. It was a year of focus, consistency, and preparation, of teams working toward the same goals and mission to enrich our Native way of life. We invested in our region and people with innovation and purpose. We delivered one of our strongest fiscal years and continued executing our five-year strategic plan. We held our annual compliance training to remain transparent and ethical in every sector of business, and ended the year poised for more strategic growth. It was a good year, and we are grateful to everyone who contributed to its results. In the pages ahead, you will read highlights of FY2019 and hear directly from shareholders about what Bristol Bay means to them. But this annual report tells only part of the story. As with every year, FY2019 was defined by hard work and milestones across BBNC and its subsidiaries, with our shareholders, region, and culture at the forefront of every decision. 4 BBNC FY2019 ANNUAL REPORT FY2019 was also a year of people doing right by Bristol Bay—something we now turn an even sharper focus to with state funding for critical programs and services in our region and throughout Alaska at risk. BBNC will always be at the table advocating on behalf of Bristol Bay and our shareholders, but we can’t do it alone. We need everyone to step up and make their voices heard. We need to come together to help protect not only what we have now, but what we will need for our Elders and generations to come. We can all play a part in keeping Bristol Bay a remarkable place to call home. Because when you stand up for the place you love, where your family and traditions have their roots, you are standing up for the future, and you are honoring the place where everything got its start. Thank you, as always, for your engagement and support. Joseph L. Chythlook CHAIRMAN OF THE BOARD Jason Metrokin PRESIDENT & CHIEF EXECUTIVE OFFICER