2. Sales Volume amounted to 26.6 thousand tons, a 9.5% reduction in relation to 1Q14. Compared
with 4Q14, there was a decrease in volume of 8.8%;
Net Revenue was R$ 218.8 million, 3.3% more than in 1Q14, effect of price realignment;
Adjusted EBITDA totaled R$ 44.4 million, 54.1% higher than 1Q14 and 60.0% over than 4Q14
mainly due to better results achieved in Statesville plant, which also faced favorable USD Dollar
exchange rate;
Net Debt reported growth of R$ 77.6 million, or 12.9%, in relation to 4Q14, the principal factor
driving this result being the foreign exchange translation effect on dollar-denominated financing.
HIGHLIGHTSHIGHLIGHTS
3. SALES VOLUMESALES VOLUME (in thousand of tons)(in thousand of tons)
During the quarter, the Company recorded a year-on-year reduction in sales volume of 9.5%.
4. NET REVENUENET REVENUE (in millions of Reais)(in millions of Reais)
The Company reported total net revenue of R$ 218.8 million in 1Q15, a 3.3% improvement when
compared with 1Q14. However, in relation to 4Q14, there was a reduction of 2.4%, largely a reflection
of lower sales volume. Unit net revenue increased 7.0% compared to 4Q14 - effect of price
realignment.
5. COGS - COST OF GOODS SOLDCOGS - COST OF GOODS SOLD (in millions of Reais)(in millions of Reais)
Cost of Goods Sold (COGS) amounted to R$ 157.2 million in 1Q15, a reduction of 2.1% compared with
the R$ 160.6 million reported in 1Q14 and 14.7% in relation to the R$ 184.2 million in 4Q14.
This reduction reflects the lower sales volume in the period beyond the decline
in polypropylene costs, our main raw material, of approximately 20% -
according to Chemical Data Index - in the 1Q15 compared to the 4Q14.
6. Adjusted EBITDAAdjusted EBITDA (in million of(in million of ReaisReais) and) and Adjusted EBITDA MARGINAdjusted EBITDA MARGIN(%)(%)
Adjusted EBITDA in 1Q15 amounted to R$44.4 million, a 54.1% improvement on the R$ 28.8 million
registered in 1Q14. In relation to 4Q14, the growth in this item was 60.0%.
The main issue was the better results achieved in Statesville plant, which also faced favorable USD
Dollar exchange rate.
7. NET RESULTNET RESULT ((in millions of Reaisin millions of Reais)) andand NET MARGINNET MARGIN (%)(%)
The quarter showed a net loss of R $ 1.8 million mainly due to the depreciation of the real against the
dollar which negatively impacted financial expenses.
8. DEBTDEBT (in million of(in million of ReaisReais))
Total Debt increased 27.5% in 1Q15 when compared with 1Q14, mainly due to the foreign exchange
translation effect on US dollar denominated financing once the Company did not enter new
financings.
Net Debt grew 33.6% in relation to 1Q14 due to the increase in Total Debt of R$ 156.4 million as well
as the reduction of Cash and liquid hedge instruments of R$ 14.1 million.
In R$ (MM) 1Q14 4Q14 1Q15 Ch. 1Q15 / 4Q14
Short Term 95,8 161,3 162,4 69,6%
Long Term 474,0 475,6 563,8 19,0%
Total 569,7 636,9 726,1 27,5%
Cash and liquid hedge instruments 62,2 36,4 48,1 -22,6%
Net Debt 507,6 600,5 678,1 33,6%
Shareholders' Equity 664,3 593,7 591,4 -11,0%
Net Debt / Adjusted EBITDA 4,0 7,5 9,8 147,5%
Consolidated Net Debt
9. MARKET VALUE RATIOSMARKET VALUE RATIOS
The book value of the Company shares declined
3.5% compared to 4Q14, but there was an
increase of 3.5% over the same period last year.
3,1%
1,6%IBOVESPA
Change 1Q15 / 1Q14
PRVI3
10. STATUS – SALE OF THE COMPANY`S CONTROL TO PGISTATUS – SALE OF THE COMPANY`S CONTROL TO PGI
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 March 27, 2015 the Brazilian Securities and Exchange Commission (Comissão de Valores
Mobiliários - CVM) notified the Company that SEP – Superintendent of Companies Relationships
understood that the payment of the transaction expenses by the Company was irregular. The
Company intends to appeal to CVM Collegiate against this.
11. 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
CONTACTSCONTACTS
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.
