1. 3Q 2014 Results
Companhia
Providência
November 12, 2014

2. HHIIGGHHLLIIGGHHTTSS 33QQ1144
 The third quarter saw resumption in production from machines and equipment that had
been shutdown on Ministry of Labor orders on April 1, 2014 and gradually brought back on
stream by the first week in July 2014;
 During the course of the quarter, our financial performance continued to be affected by the
stoppage and reallocation of production as well as a 2.8% increase in fixed costs;
 Sales Volume amounted to 29.2 thousand tons, down 7.1% compared to 3Q13 due to
inefficiencies associated with the resumption of operations with certain machines and
equipment at the São José dos Pinhais plant after the lines were shut down on the orders of
the Ministry of Labor during 2Q14;
 The Company posted Net Revenues of R$ 202.6 million, 4.0% less than in 3Q13, this also
reflecting the impact of lower output from manufacturing operations;
 Cost of goods sold were higher by R$4.4 million due to start-up
costs and higher maintenance expense during the quarter.

3. SSAALLEESS VVOOLLUUMMEE ((iinn mmiilllliioonnss ooff ttoonnss))
During the quarter, the Company posted a year-on-year reduction in total sales volume of 7.1%.
Sales volume of nonwovens posted a fall of 7.3% compared with 3Q13.
In relation to the 2Q14 the nonwovens volume increased 5.8 thousand tons
– 27.1% - a result of the sales recover after the machines shutdown during
the 2Q14.

4. NNEETT RREEVVEENNUUEE ((iinn mmiilllliioonnss ooff RReeaaiiss))
The Company reported total net revenue of R$ 202.6 million in 3Q14, a decrease of 4.0% when
compared with 3Q13 reflecting the impact of lower output from manufacturing operations.
 Increased export sales volume in 3Q14 caused a reduction in unitary
sales net revenue by 3.7% against 2Q14;
 Unitary net revenues are up by 12% YTD 14 x 13.

5. COGS -- CCOOSSTT OOFF GGOOOODDSS SSOOLLDD ((iinn mmiilllliioonnss ooff RReeaaiiss))
 Cost of Goods Sold (COGS) amounted to R$ 161.3 million in 3Q14, 2.8% higher when
compared to the R$ 156.9 million reported in 3Q13;
 Unitary COGS are 7.4% lower than 2Q14, as consequence of an increased sales volume of 5.8
thousand tons.

6. EEBBIITTDDAA ((iinn mmiilllliioonn ooff RReeaaiiss)) aanndd EEBBIITTDDAA MMAARRGGIINN((%%))
EBITDA in 3Q14 amounted to R$ 15.8 million, a reduction of 60.6% when compared to the R$
40.1 million registered in 3Q13. For the same item in 2Q14 there was an increase of R$ 8.6
million.
3Q14 EBITDA was still impacted by production inefficiencies post-NR12 and
by certain costs recognized during the quarter that are not expected to
continue.

7. NNEETT LLOOSSSS ((iinn mmiilllliioonnss ooff RReeaaiiss)) aanndd NNEETT MMAARRGGIINN ((%%))
The Company reported a net loss of R$ 7.9 million, principally due to the lower comparative
output and sales volumes, combined with the higher costs.

8. NNEETT DDEEBBTT ((iinn mmiilllliioonn ooff RReeaaiiss))
Consolidated Net Debt
In R$ (MM) 3Q13 2Q14 3Q14 Ch. 3Q14 / 3Q13
Short Term 51,4 114,6 141,6 175,2%
Long Term 523,6 449,2 469,0 -10,4%
Total 575,0 563,8 610,5 6,2%
Cash and liquid hedge instruments 80,7 41,1 29,5 -63,5%
Net Debt 494,3 522,7 581,1 17,6%
Shareholders' Equity 662,1 619,2 610,2 -7,8%
Net Debt / Adjusted EBITDA 3,86 4,72 5,95 54,1%
 Total Debt increased 6.2% in 3Q14 when compared with 3Q13 mainly due to the valuation of US
Dollar against Real, of 9.9% in the period.
 Net Debt increased by 17.6% compared with 3Q13, largely due to a reduction in cash and cash
equivalents during the last two quarters. The increase was caused by lower operating performance
and incremental CAPEX mainly in 2Q14.

9. MMAARRKKEETT VVAALLUUEE RRAATTIIOOSS
The book value of the Company shares increased
9.2% compared to 2T14 and 3.5% over the same
period last year.
Change 3Q14 / 3Q13
3.5%
3.4%
PRVI3
IBOVESPA
R$ 7.92 R$ 7.89
Share Value - IBOVESPA
R$ 8.05
R$ 7.51
R$ 8.20
R$ 9
R$ 8
R$ 7
Sep-13 Dec-13 Mar-14 Jun-14 Sep-14

10. STATUS – SALE OF THE CCOOMMPPAANNYY``SS CCOONNTTRROOLL TTOO PPGGII
 On July 14, 2014 there was an Extraordinary General Meeting where the following
resolutions were taken:
 The exit of the Company from Novo Mercado of BM&FBOVESPA was approved by
majority of the present shareholders;
 Also approved by majority of eligible voting shareholders representing the
outstanding shares, the selection of BANCO J. SAFRA S.A., as the financial institution
responsible for the drafting of the appraisal report on the economic valuation of the
Company’s stock, for the purposes of the Delisting Tender Offer and the Tender Offer
for the Exit of the Company from Novo Mercado;
 On November 7, 2014 the draft of the Tender Offer Notice and the adjusted
appraisal report were published at Itaú BBA and Company website.

11. CCOONNTTAACCTTSS
CEO/CFO: Hermínio Vicente Smania de Freitas
RI : Gabriela Las Casas
Danielle Cabrini
Tel: +55 (41) 3381-8673
Fax: +55 (41) 3381-7656
São José dos Pinhais – PR
www.providencia.com.br/ri
www.twitter.com/providencia_ri
The words “believe”, “anticipate”, “expect”, “estimate”, “will”, “plan”, “may”, “intend”, “foresee”, “project” and other similar
expressions indicate forward-looking statements. These forward-looking statements involve uncertainties, risks and assumptions,
since they include information related to our potential or assumed future operating results, business strategy, financing plans,
competitive position in the market, industry environment, potential growth opportunities and the effects of future regulations and
competition. In addition, forward-looking statements refer only to the date on which they were made and should not be taken as a
guarantee of future performance. Providência is under no obligation to update this presentation with new information and/or
future events.