1Q09 ResultsMay 14, 2009

Shareholders’ Composition

March 31, 09

AIG group

19.0%

G&G

Espírito

Santo

Group

19.0% 10.2% 27.0%

Asas Fund

18.3%

Treasury

and others

6.5%

Total: 82.5 million

shares

Block of Control

3

Agenda

• Highlights

• 1Q09 Results

• Outlook

4

Highlights

Project for the production of specialty disposable hygiene products nearing

completion, which will represent a capacity increase of 70% in this family of products:

When fully operational, these products will account for up to 18% of the

Company’s total production capacity .

2nd Share Buyback Program started on November 26, 2008 and ended on April 17,

2009:

Total of 2.442 million shares, representing 10% of the free-float in November 2008,;

Total investment of R$ 6.4 million.

Cessation of tax credits accumulation in the acquisition of raw materials:

Utilization of Federal Government benefits halted tax credit growth.

5

Agenda

• Highlights

• 1Q09 Results

• Outlook

6

There was a slight decrease in

Nonwovens volume, at around

2.0% in 1Q09 compared to 1Q08,

substantially due to the downturn in

the world economy that affected

mainly the durable goods segment;

The decrease in relation to 4Q08

was 14.8%, due to historical first

quarter seasonality.

Sales Volume

In thousand tonnes

1Q08 4Q08 1Q09

15.1 17.3

14.8

5.7 -

0.7

1.6

1.2

Others Pipes and Fittings Nonwovens

Total21.4

Total15.9

Total19.0

7

Net Revenues

Nonwovens Division

In R$ millions

Net revenues totalled R$ 98.2

million in 1Q09, an improvement of

12.5% in relation to 1Q08 – despite

the slight reduction in sales volumes

– mainly due to a better sales mix in

relation to the same quarter in 2008.

In 2009, with KAMI 9 fully

operational, we increased the

production of higher value-added

products such as special hygienic

disposable and medical disposable

nonwovens.

1Q08 4Q08 1Q09

87.3

124.4

98.2

8

Cost of Goods Sold

The cost of goods sold (COGS)

amounted to R$ 59.1 million in 1Q09, a

decrease of 28.7% compared to R$ 82.9

million in 1Q08;

In relation to 4Q08 the decrease in

COGS of 30.0% is due to lower export

volumes;

Unitary COGS showed a 4.3% decrease

in relation to 1Q08;

Unitary COGS decreased 16.8% from

4Q08.

1Q08 4Q08 1Q09

82.9 84.5

59.1

3.87 4.46 3.71

Unitary COGS

9

EBITDA (R$ million)

and EBITDA Margin (%)

EBITDA of the Nonwovens

Division reached R$ 31.5 million,

with 32.1% margin, an increase of

47.7% in relation to 1Q08.

In relation to 4Q08, despite the

5.4% reduction in absolute figures,

EBITDA margin increased 5.3

p.p.

1Q08 4Q08 1Q09

21.4

33.3 31.5

24.5% 26.8%32.1%

EBITDA Margin%

10

Net Earnings (R$ million)

And Net Margin (%)

In 1Q09 net earnings

reached R$ 10.9 million (10.9%

margin), against R$ 9.0 million

earnings in 1Q08 and R$ 19.0

million earnings in 4Q08.

1Q08 4Q08 1Q09

9.0

19.0

10.9

7.9%15.0%

10,9%

Net Margin

Consolidated Net Debt

Debt & Cash

38.4

454.3

492.7

235.4

257.3

41.4

458.4

499.8

246.5

253.3

Total Debt

Long term

Short term

Total

Cash

Net Debt

(R$ MM) 12/31/08 03/31/09

Debt & Cash

No significant net debt change, with a decrease of 2.0% in relation to the previous period;

Debt maturity is primarily long-term;

The increase of R$ 11.1 million in our cash flow was originated entirely from operating

activities;

Accrued financial expenses reached R$ 14.4 million in 1Q09 with no substantial short-term

cash disbursement effects;

On March 31, 2009 we had two interest swap agreements, due to loans and financing,

being one CDI vs. US$ totaling US$11.3 million maturing in December 2012 and another

fixed rate Libor vs. Libor totaling US$50 million maturing in June 2013.

13

Agenda

• Highlights

• 1Q09 Results

• Outlook

Outlook

14

Expansion in production of specialty disposable hygiene nonwovens, in the

final stages of completion, output to reach 1,200 tons/month after machine start-up;

Expansion in output of high performance disposable medical products with

greater value-added, the Company’s goal being that this line should reach 10% of

total volume over the long term;

Creation of a Risk Management Committee, in January 30, 2009 Board of

Directors Meeting. Since that date the Committee is developing our Risk

Management Policy, to standardize the financial tools to be adopted in order to

reduce the uncertainty over our cash flow;

Fiscal Council reinstalled in the Ordinary Shareholders’ Meeting that took place on

April 30, 2009.

15

CFO: Eduardo Feldmann CostaIR Manager: Gabriela Las CasasPhone: +55 (41) 3381-7639 Fax: +55 (41) 3283-5909São José dos Pinhais – PR - Brazilwww.providencia.com.br/ir

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 .