Tulikivi Oyj 1 4 2010 Tulikivi Corporation Listed

Tulikivi Oyj 1. 4. 2010

Tulikivi Corporation • Listed family enterprise • Business areas: fireplaces and natural stone products • Turnover: EUR 53. 1 million • Personnel: about 500 • 6 production facilities: 2 in Juuka, Suomussalmi, Taivassalo, Espoo Heinävesi • Head office in Juuka, North Karelia, Finland • Parent company of the corporation: Tulikivi Oyj and

History of Tulikivi 2007 2006 2004 2003 2002 2000 1999 1994 1988 1987 1979 Merger of Kermansavi Oy with Tulikivi Oyj Purchase of Kermansavi Oy Tulikivi finds a remarkable new soapstone deposit in Juuka Purchase of Kivia Oy Merger of Tulikivi Rakennuskivet Oy with Tulikivi Oyj Merger of Mittakivi Oy, Kiantastone Oy and Tulipuu Oy with Tulikivi Oyj Founding of Tulikivi Rakennuskivet Oy through business acquisitions Founding of Suomussalmi factory (Kiantastone Oy), Tulikivi 20 years Tulikivi listed in the Helsinki Stock Exchange First model range for export Mittakivi Oy (custom fireplace factory) was founded as daughter company of Tulikivi Reijo Vauhkonen bought the capital stock of Suomen Vuolukivi Oy End of 1800: Quarrying is active in the village of Nunnanlahti in Juuka. Soapstone fireplaces were exported eg. to St. Petersburg.

Production units Tulikivi factory

Sales 80 70 60 50 40 30 20 10 0 1981 1982 1983 1984 1985 1986 1987 1988 1989 Finland 1990 1991 1992 1993 1994 1995 Exports 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Customer Pledge and Procedures • Tulikivi’s manufacturing processes and products and their life cycles appeal to environmentally conscious consumers who use the products as primary and secondary heating sources, for interior decoration and for creating a comfortable atmosphere. • Our focus is on finished consumer products but we also provide consumers with tailor-made solutions. We sell lining stones to important European heating-appliance manufacturers and supply customers in Finland Scandinavia with building stones through business-tobusiness deals. • Three product groups

Product Group Tulikivi Heating & Environment • • • For customers living in towns or the countryside who are building or renovating their home Also for second homes and summer cottages These customers are interested in the environment, energy and economic efficiency, and comfortable heat

Product Group Tulikivi Heating & Environment • • Heat-retaining Tulikivi and Kermansavi fireplaces and fireplace/bake ovens Available in all Tulikivi’s market areas

Product Group Tulikivi Interior & Design • • For customers living in towns or the suburbs who are building or renovating their home These customers are interested in aesthetic design, durability, comfortable heat and the environment Interior decoration fireplaces under the Tulikivi and Kermansavi brands, surface materials natural stones and ceramics Available in all Tulikivi’s market areas

Product Group Tulikivi Interior & Design • • Tulikivi interior decoration stones On sale in Finland

Product Group Tulikivi Cooking • • For customers living in towns or the countryside who love cooking and/or are owners of fireplaces These customers are interested in cooking, practicality and durability Tulikivi and Kermansavi bake ovens and stoves, Kermansavi utility ceramics Main market area is Finland

Sales% By Country 2009 1, 6 % 2, 0 %1, 9 % 2, 2 % 2, 9 % Finland France 3, 3 % Germany 3, 1 % Belgium Sweden 6, 3 % 48, 8 % 7, 2 % Russia Austria Denmark 7, 9 % USA 12, 7 % Switzerland Italy Others Other countries: Estonia, Ukraine, Norway, Lithuania, The Netherlands, Romania, Spain, Bulgaria, Slovenia

Introduction to soapstone production

Removing of blocks Sawing with chain saws Height of the line about 2 m

Cutting of the blocks to a size suitable for the production

Gang saw Blocks sawn to smaller pieces A block is sawn at right angle against grain

Block-cutter Blocks are sawn into slabs along the grain

Production line A block is sawn along the grain into a slab. The ends of the slabs will be cut, their thickness and width will be calibrated, surface will be matt finished, they will be bevelled and cut into certain lengths

Waterjet cutting Computer controlled A robot cuts preshaped stones

CNC machine Allows different shaped objects with rounded edges to be made

Finishing Bevelling, polishing and quality control Work is done with grinders and bevelling machines that operate with compressed air

Transport package Finally the products are packed in enduring transport packages A fireplace package includes doors and assembly materials

Thank you! Tulikivi Oyj 83900 JUUKA www. tulikivi. com