1. August 11, 2015
2Q 2015 Results
Companhia Providência

2.  Highlights

3. HIGHLIGHTS
• On June 4, 2014 our indirect parent company PGI rebranded to Avintiv, a more Advanced,
Inventive and Innovative company focused on specialty materials. Companhia Providência
changed its logo to Avintiv;
• Sales Volume amounted to 26.5 thousand tons, a 17.1% increase on the same period in 2014 –
a period when some machines and equipment at the São José dos Pinhais plant were shut down;
• Net Revenue was R$ 221.9 million, 35.5% more than 2Q14 and a 1.4% increase in relation to
1Q15, respectively due to the partial shutdown in 2Q14 and to the price realignment in relation
to the increase in raw materials costs;
• Adjusted EBITDA reached R$ 37.2 million, a R$ 30.0 million improvement over 2Q14;
• Despite the operational recovery, net result was R$ 40.3 million loss due to deferred income tax
that was negative in R$ 64.4 million. This result was due to the application of fiscal rules in the
United States to our full subsidiary Providencia USA, that had accumulated tax losses on the
acquisition date. As a result of the change of control there are some limits to the use of this
losses.
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4.  Results

5. 2Q14 1Q15 2Q15
21.3 23.6 23.5
1.3
3.0 3.0
22.6 26.6 26.5
Nonwovens Others
SALES VOLUME (in thousand of tons)
The Company posted an increase in total sales volume of 17.1% in 2Q15 compared to the
same period in 2014 due to the partial shutdown in the São José dos Pinhais plant. The
decrease in relation to the 1Q15 reflected the currently macroeconomic scenario.
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6. 2Q14 1Q15 2Q15
163.8
218.8 221.9
Net Revenue
R$ 7.25 R$ 8.21
R$ 8.39
Unitary Net Revenue
NET REVENUE (in millions of reais)
Net revenue amounted to R$ 221.9 million in 2Q15, 35.5% greater than 2Q14 and 1.4% higher
than 1Q15 due respectively to the recovery in sales volume and realignment of prices.
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7. R$ 6.01
R$ 5.90
R$ 6.06
Unitary COGS (R$)
COGS – COST OF GOODS SOLD (in millions of reais)
Cost of goods sold (COGS) totaled R$ 160.4 million in 2Q15, 18.1% more than the R$ 135.8
million reported in 2Q14 and an increase of 2.0% compared with the R$157.2 million in 1Q15.
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2Q14 1Q15 2Q15
135.8
157.2
160.4
COGS

8. 4.4%
20.3%
16.8%
Ebitda Margin (%)
ADJUSTED EBITDA (in millions of reais) AND ADJUSTED EBITDA MARGIN (%)
Adjusted EBITDA in 2Q15 was R$ 37.2 million, an increase of 415.3% when compared with the
R$ 7.2 million reported in 2Q14. In relation to 1Q15, there was a decrease of 16.2%.
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2Q14 1Q15 2Q15
7.2
44.4
37.2
EBITDA

9. The Company recorded a net loss of R$ 40.3 million mainly driven by the deferred tax impact
described above, despite the R$ 24.7 million of Operating profit generated in 2Q15.
-27.7%
-0.8%
-18.2%
Net Margin (%)
2Q14 1Q15 2Q15
(45.4)
(1.8)
(40.3)
Net income
NET RESULT (in millions of reais) AND NET MARGIN (%)
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10. DEBT (in millions of reais)
Net Debt increased by 21.0% in relation to 2Q14 due to the Real’s 40.9% devaluation against the
US Dollar in the period. In relation to 1Q15, there was a reduction of 6.7%, once more due to
foreign exchange variation in the period when the Real appreciated by 3.3% in relation to the US
Dollar.
Total Debt increased 20.6% in 2Q15 when compared with 2Q14, again largely a reflection of
currency variation.
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In R$ (MM) 2Q14 1Q15 2Q15 Ch. 2Q15 / 2Q14
Short Term 114.6 162.4 272.7 138.0%
Long Term 449.2 563.8 407.0 -9.4%
Total 563.8 726.1 679.8 20.6%
Cash and liquid hedge instruments 41.1 48.1 47.1 14.4%
Net Debit 522.7 678.1 632.7 21.0%
Shareholders' Equity 619.2 591.4 551.3 -11.0%
Consolidated Net Debt
7%
93%
Local currency Foreign currency
Total Debt %

11. MARKET VALUE RATIOS
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The book value of the Company shares increased
6.4% compared to 1Q15, and 17.6% related to the
same period last year.
2Q14 1Q15 2Q15
0.97 1.13
1.28
Share Price / Book Value per share
PRVI3 - Book Value / Quarter
17.6%
-0,2%
PRVI3
IBOVESPA
Change 2Q15 / 2Q14

12.  Status – Sale of the Company’s
Control to AVINTIV

13. STATUS – SALE OF THE COMPANY`S CONTROL TO AVINTIV
• The suspension of the Unified Tender Offer to be conducted by PGI, which was suspended
on January 22, 2015 by the Brazilian Securities and Exchange Commission (Comissão de
Valores Mobiliários - CVM), was cancelled by CVM on April 8, 2015.
• On June 30, 2015 meeting, CVM Collegiate analyzed and was favorable to the Unified
Tender Offer, in addition, requested some adjusts to the draft of the Tender Offer Notice,
among them, the extend of the guarantees granted by Blackstone to the Selling
Shareholders in the SPA context to the minority shareholders that choose the Offer Price
(as defined in the Tender Offer Notice) and the inclusion that the Intermediary Institution
will follow the future payment events involving the Company`s sale of Control.
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14. Berry Plastics Transaction

15. BERRY PLASTICS TRANSACTION
• On July 31, 2015 Avintiv and Berry Plastics Group, Inc (“Purchaser”) entered into an
Agreement and Plan of Merger pursuant to which Avintiv would be the survivor of a
merger with a wholly-owned subsidiary of the Purchaser (“Merger”);
• As a result of the Merger, Providência would become an indirect subsidiary of Purchaser;
• The merger consideration to be paid by the Purchaser in connection with the Merger of
US$ 2.45 billion, is to be paid in cash; and
• The Merger is subject to the conditions usually applicable to this kind of transaction, as
well as to the obtainment of the applicable regulatory approvals.
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16. CONTACTS
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
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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.