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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of August 2016 Commission File Number: 001-34929 SodaStream International Ltd. (Translation of Registrant’s Name into English) Gilboa Street, Airport City Ben Gurion Airport 70100, Israel (Address of Principal Executive Office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F 5 Form 40-F Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): Yes No5 Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): Yes No5

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Page 1: SodaStream International Ltd

UNITED STATESSECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of August 2016

Commission File Number: 001-34929

SodaStream International Ltd.(Translation of Registrant’s Name into English)

Gilboa Street, Airport CityBen Gurion Airport 70100, Israel

(Address of Principal Executive Office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): Yes No

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): Yes No

Page 2: SodaStream International Ltd

EXPLANATORY NOTE

On August 2, 2016, SodaStream International Ltd. (the “Company”) issued a press release announcing its second quarter results for the period ended June 30, 2016. A copy of the press release is furnished as Exhibit 99.1 herewith.

In conjunction with the conference call being held on August 2, 2016, the Company also is releasing commentary from its Chief Financial Officer and a PowerPoint presentation with additional information, furnished herewith as Exhibit 99.2 and Exhibit 99.3, respectively.

Other than as indicated below, the information in this Form 6-K (including in Exhibits 99.1, 99.2 and 99.3) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act.

The condensed consolidated balance sheets, the International Financial Reporting Standards information contained in the condensed consolidated statements of operations and the condensed consolidated statement of cash flows contained in the press release attached as Exhibit 99.1 to this Report on Form 6-K are hereby incorporated by reference into the Company’s Registration Statements on Form S-8 (File Nos. 333-195578, 333-190655, 333-170299 and 333-208811).

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: August 2, 2016

SODASTREAM INTERNATIONAL LTD.(Registrant)

By: /s/ Dotan Bar-Natan Dotan Bar-Natan Head of Legal Department

Page 4: SodaStream International Ltd

EXHIBIT INDEX

Exhibit Description

99.1 Press release dated August 2, 2016.99.2 Commentary from the Chief Financial Officer of the Registrant.99.3 PowerPoint presentation with additional information.

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Exhibit 99.1

SODASTREAM REPORTS SECOND QUARTER FISCAL 2016 RESULTS

AIRPORT CITY, Israel – August 2, 2016 - SodaStream International Ltd. (NASDAQ: SODA), the world’s leading manufacturer of home beveragecarbonation systems, announced today its results for the three and six month periods ended June 30, 2016.

For the second quarter ended June 30, 2016 compared to adjusted second quarter 2015 results*:

“There were several highlights from the second quarter that reinforce our confidence in the strategic course we have set for the Company,” commented DanielBirnbaum, Chief Executive Officer of SodaStream. “Our work repositioning the SodaStream brand around sparkling water and effectively communicating thecompelling benefits of our home carbonation system helped drive double digit revenue growth in each of our four geographic regions. Importantly, we advancedour position as the world’s largest sparkling water brand with an all-time-record high quarter of 7.5 million gas refills. Our performance also included a sharpacceleration in sparkling water maker sales as our marketing programs aimed at increasing household penetration are resonating with consumers. Importantly,we increased profitability at an even faster pace than revenue driven by gross margin improvements and operating efficiencies gained from the consolidation ofour manufacturing and logistics activities into our new state-of-the-art facility in Lehavim. While we are pleased with our recent results, our focus is firmly onthe future and the continued successful execution of our long-term growth plans.”

Second Quarter 2016 Financial Review

Revenue increased 17.2% to $119.2 million compared to $101.7 million in the second quarter of 2015Adjusted EBITDA increased 73.0% to $15.4 million compared to $8.9 million in the second quarter of 2015Net income increased 120.8% to $7.8 million compared to $3.5 million in the second quarter of 2015Diluted earnings per share increased to $0.37 compared to $0.17 in the second quarter of 2015

Geographical Revenue Breakdown Three Months EndedJune 30, 2015* June 30, 2016 Increase Increase

In Millions USD %Western Europe $ 65.1 $ 74.4 $ 9.3 14%The Americas 23.1 26.0 2.9 12%Asia-Pacific 9.1 13.0 3.9 44%Central & Eastern Europe, Middle East, Africa 4.4 5.8 1.4 32%Total $ 101.7 $ 119.2 $ 17.5 17%

Product Segment Revenue Breakdown Three Months Ended

June 30, 2015* June 30, 2016Increase

(decrease)Increase

(decrease)In millions USD %

Sparkling Water Maker Starter Kits $ 29.7 $ 39.0 $ 9.3 31%Consumables 68.3 78.1 9.8 14%Other 3.7 2.1 (1.6) (43)%Total $ 101.7 $ 119.2 $ 17.5 17%

* The comparable second quarter 2015 data and adjusted EBITDA 2016 in pages 1-2 and 7-8 of this document relate to Adjusted non-IFRS measures. See“Non-IFRS Financial measures” in page 3. See also “IFRS to Non-IFRS bridge” in CFO's commentary for explanations of differences between the twoperiods and relevant adjustments.

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Revenue increased by $17.5 million, or 17.2%, to $119.2 million compared to $101.7 million in the same period in 2015 primarily driven by increasedconsumer demand for sparkling water makers and consumables mainly in Germany, Canada, Japan, France and South Korea.

Gross margin increased to 50.7% compared to 50.3% for the same period in 2015 mainly due production optimization in the Lehavim plant partially offset byhigher portion of sparkling water makers in the products mix.

Sales and marketing expenses were $38.0 million, or 31.9% of revenue, compared to $35.1 million, or 34.5% of the revenue, in the same period in 2015.Advertising and promotion expenses increased by $4.6 million to $18.1 million, or 15.2% of revenue, compared to $13.5 million, or 13.3% of revenue, in thesame period in 2015. Other selling expenses decreased by $1.7 million to $19.9 million, or 16.7% of revenue, compared to $21.6 million, or 21.3% of revenue,in the same period in 2015.

General and administrative expenses decreased by $0.5 million to $11.0 million, or 9.2% of revenue, compared to $11.5 million, or 11.3% of revenue in thesame period in 2015.

Other expenses were $2.3 million mainly due to impairment of intangible assets of the Italian business-to-business operations.

Operating income increased 101.9% to $9.2 million, or 7.7% of revenue, compared to $4.5 million, or 4.5% of revenue, in the second quarter of 2015.

Currency exchange rates had no material impact in comparison with the same period in 2015.

Net financial expense was $0.2 million compared to $0.6 million in the same period in 2015.

Tax expense was $1.1 million with an effective tax rate of 12.7%, compared to $0.4 million with an effective tax rate of 29.5% in the same period in 2015.

Balance Sheet ReviewCash and cash equivalents at June 30, 2016 increased 18.6% by $6.4 million to $40.9 million compared to $34.5 million at December 31, 2015.

Net cash flow from operating and investing activities was $13.7 million compared to negative cash flow of $0.8 million in the same period in 2015.

Bank debt decreased 34.3% to $24.2 million compared to $36.8 million at December 31, 2015.

Working capital decreased 5.0% to $133.6 million compared to $140.7 million at December 31, 2015. Inventories decreased 7.1% to $104.9 million comparedto $113.0 million at December 31, 2015.

Conference Call and Management Commentary

A detailed CFO commentary and a supplemental slide presentation have been furnished as part of today’s report of a foreign private issuer on a Form 6-K andwill be posted on the Company’s website, http://sodastream.investorroom.com.

The Company has scheduled a conference call for 8:30 AM Eastern Standard Time (U.S. time) today (Tuesday, August 2, 2016) to review the Company’sfinancial results. The conference call will be broadcast over the Internet as a “live” listen only Webcast. To listen, please go to:http://sodastream.investorroom.com. Listeners are urged to login approximately 20 minutes before the conference call is scheduled to begin in order to register,as well as download and install any necessary audio software. An archive of the Webcast will be available for 30 days after the call.

Product Segment Unit Breakdown Three Months EndedJune 30, 2015 June 30, 2016 Increase Increase

In thousands %Sparkling Water Maker Starter Kits 491 637 146 30%CO2 Refills 6,939 7,541 602 9%Flavors 5,075 5,970 895 18%

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About SodaStream International

SodaStream is the #1 sparkling water brand in volume in the world and the leading manufacturer and distributor of Sparkling Water Makers. We enableconsumers to easily transform ordinary tap water into sparkling water and flavored sparkling water in seconds. By making ordinary water fun and excitingdrink, SodaStream helps consumers drink more water. Sparkling Water Makers offer a highly differentiated and innovative solution to consumers of bottled andcanned carbonated soft drinks. The products promote health and wellness, are environmentally friendly, cost effective, and are customizable and fun to use.Products are available at more than 70,000 retail stores across 45 countries. To learn more about how SodaStream makes water exciting and follow SodaStreamon Facebook, Twitter, Pinterest, Instagram and YouTube, visit http://www.sodastream.com.

Non-IFRS Financial Measures

This press release contains the following non-IFRS measures: Adjusted revenue, Adjusted gross margin, Adjusted operating income, Adjusted net income,Adjusted EBITDA and Adjusted diluted earnings per share (“Adjusted diluted EPS”).

Adjusted EBITDA represents earnings before financial expense (income), income tax, depreciation and amortization, and further eliminates the effect ofrestructuring costs and impairment of other intangible assets. Adjusted revenue, Adjusted gross margin, Adjusted operating income, Adjusted net income andAdjusted diluted earnings per share eliminate the effect of restructuring costs.

The Company believes that the Adjusted revenue, Adjusted gross margin, Adjusted operating income, Adjusted net income, Adjusted EBITDA and Adjusteddiluted EPS, as described above, should be considered in evaluating the Company’s operations. Adjusted revenue, Adjusted gross margin, Adjusted operatingincome, Adjusted net income and Adjusted diluted EPS exclude restructuring costs and Adjusted EBITDA exclude restructuring costs and impairment of otherintangible assets because most of this charge is a non-cash expense and does not reflect the performance of the Company’s underlying business and operations.In addition, Adjusted EBITDA facilitates operating performance comparisons from period to period by backing out potential differences caused by variations incapital structures (affecting financial expenses (income), net), tax positions (such as the impact on periods or companies of changes in effective tax rates), theage and depreciation charges and amortization of fixed and intangible assets (affecting relative depreciation and amortization expense, respectively).

These measures should be considered in addition to results prepared in accordance with IFRS, and should not be considered a substitute for the IFRS results.The non-IFRS measures included in this press release have been reconciled to the IFRS results.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of theSecurities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include information about possible orassumed future results of our business and financial condition, as well as the results of operations, liquidity, plans and objectives. In some cases, you canidentify forward-looking statements by terminology such as “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “expect,”“predict,” “potential,” or the negative of these terms or other similar expressions: Such statements are based on management's current beliefs and expectationsand involve a number of known and unknown risks and uncertainties that could cause our future results, performance or achievements to differ significantlyfrom the results, performance or achievements expressed or implied by such forward-looking statements. Important factors that could cause or contribute tosuch differences include risks relating to: our ability to maintain or expand sales in our target markets, including the United States; our ability to maintain orcontinue to develop our presence in retail networks; our ability to develop and implement production and operating infrastructure to effectively support ourgrowth; the success of our marketing campaigns and media spending in terms of increased sales or increased product and brand name awareness; our ability tomaintain our customer base in markets where we have an established presence; the risks associated with our reliance on exclusive arrangements for thedistribution of our beverage carbonation systems and consumables in each of the markets in which we use third-party distributors; our ability to competeeffectively with other companies which currently offer, or may offer in the future, competing products; our ability to maintain margins due to decline in productselling price and/or rising costs; potential product liability claims if any component of our beverage carbonation systems is misused; our ability to protect ourintellectual property rights; our being found to have a dominant position in certain markets which may place limits on our ability to operate; risks associatedwith our being a multinational corporation, including fluctuations in currency exchange rates; our potential exposure to greater than anticipated tax liabilities;our products being subject to extensive governmental regulation in the markets in which we operate; adverse conditions in the global economy which couldnegatively impact our customers' demand for our products; and other factors discussed under the heading “Risk Factors” in the Annual Report on the Form 20-Ffor the year ended December 31, 2015 and other documents filed with or furnished to the Securities and Exchange Commission. These forward-lookingstatements are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a resultof new information, future events or otherwise.

Investor Contact:Brendon FreyICRPhone: + 1 [email protected]

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Consolidated Statements of OperationsIn thousands (other than per share amounts)

For the six months ended For the three months endedJune 30, June 30,

2015 2016 2015 2016(Unaudited) (Unaudited)

Revenue $ 190,178 $ 220,037 $ 99,834 $ 119,164Cost of revenue 96,200 108,396 51,307 58,695

Gross profit 93,978 111,641 48,527 60,469

Operating expensesSales and marketing 67,579 70,693 35,118 38,022General and administrative 23,097 21,550 11,456 10,969Other expenses – 2,327 – 2,327

Total operating expenses 90,676 94,570 46,574 51,318

Operating income 3,302 17,071 1,953 9,151

Interest expense, net 126 254 92 215Other financial expense (income), net (5,202) 850 500 (21)

Total financial expense (income), net (5,076) 1,104 592 194

Income before income taxes 8,378 15,967 1,361 8,957

Income tax expense 1,371 2,059 401 1,142

Net income for the period 7,007 13,908 960 7,815

Net income per share Basic $ 0.33 $ 0.66 $ 0.05 $ 0.37Diluted $ 0.33 $ 0.66 $ 0.05 $ 0.37

Weighted average number of sharesBasic 21,025 21,118 21,032 21,137Diluted 21,095 21,198 21,138 21,275

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Consolidated Balance Sheets as of

December 31, June 30,2015 2016

(Audited) (Unaudited)(In thousands)

AssetsCash and cash equivalents $ 34,534 $ 40,943Inventories 112,973 104,932Trade receivables 76,566 77,072Other receivables 29,099 26,074Assets classified as held for sale – 1,484Derivative financial instruments 631 938Total current assets 253,803 251,443

Property, plant and equipment 155,294 163,989Intangible assets 42,095 39,463Deferred tax assets 1,106 3,537Other receivables 431 379Total non-current assets 198,926 207,368

Total assets 452,729 458,811

LiabilitiesLoans and borrowings 11,917 9,150Trade payables 50,549 49,248Income tax payable 7,505 7,398Provisions 2,407 2,153Other current liabilities 18,118 18,092Total current liabilities 90,496 86,041

Loans and borrowings 24,905 15,046Employee benefits 2,152 2,358Other non-current liabilities 156 179Deferred tax liabilities 832 792Total non-current liabilities 28,045 18,375

Total liabilities 118,541 104,416

Shareholders’ equityShare capital 3,414 3,427Share premium 205,527 208,714Translation reserve (29,993) (26,894)Retained earnings 155,240 169,148Total shareholders’ equity 334,188 354,395

Total liabilities and shareholders’ equity $ 452,729 $ 458,811

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Page 10: SodaStream International Ltd

Consolidated Statements of Cash Flows

For the six months ended For the three months endedJune 30, June 30,

2015 2016 2015 2016(Unaudited) (Unaudited)

Cash flows from operating activitiesNet income for the period $ 7,007 $ 13,908 $ 960 $ 7,815

Adjustments:Depreciation of property, plant and equipment 6,470 6,996 3,456 3,527Amortization of intangible assets 1,858 1,821 929 914Impairment of other intangible asset – 1,830 – 1,830Restructuring costs 4,533 – 2,220 –Change in fair value of derivative financial instruments (3,840) 568 (34) 214Exchange rate differences on Short-term loans and borrowing (1,340) – (383) –Exchange rate differences on long-term loans and borrowing (3,235) 399 665 (444)Share based payment 2,431 2,481 1,298 1,119Interest expense, net 126 254 92 215Income tax expense 1,371 2,059 401 1,142

15,381 30,316 9,604 16,332Decrease in inventories 5,056 8,788 3,572 10,244Decrease (increase) trade receivables and other current assets 19,223 3,774 (4,635) (6,958)Increase (decrease) in trade payables and other liabilities (22,599) (1,947) 6,333 3,898Increase (decrease) in employee benefits (115) 176 (221) 171Increase (decrease) in provisions 237 (254) 614 (61)

17,183 40,853 15,267 23,626Interest paid (165) (293) (124) (235)Income tax received 266 45 16 43Income tax paid (3,205) (4,812) (1,149) (678)Net cash from operating activities 14,079 35,793 14,010 22,756

Cash flows from investing activitiesInterest received 39 39 32 20Proceeds from investment grants 2,252 – – –Proceeds from (payment for) derivative financial instruments, net 1,743 (875) 834 (475)Acquisition of property, plant and equipment (28,585) (15,779) (14,844) (8,211)Acquisition of intangible assets (1,851) (964) (861) (432)Net cash used in investing activities (26,402) (17,579) (14,839) (9,098)Net cash from (used in) operating and investing activities (12,323) 18,214 (829) 13,658

Cash flows from financing activitiesProceeds from exercise of employee share options 153 719 143 709Repayments of long-term loans and borrowings (12,352) (10,164) (1,668) (7,869)Change in short-term debt 12,340 (2,861) (5,090) –Net cash from (used in) financing activities 141 (12,306) (6,615) (7,160)

Net increase (decrease) in cash and cash equivalents (12,182) 5,908 (7,444) 6,498Cash and cash equivalents at the beginning of the period 46,880 34,534 40,563 34,432Effect of exchange rates fluctuations on cash and cash equivalents (1,280) 501 299 13

Cash and cash equivalents at the end of the period $ 33,418 $ 40,943 $ 33,418 $ 40,943

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The following tables present the Company’s revenue, by product type for the periods presented, as well as such revenueby product type as a percentage of total revenue:

**Reclassified

Information about revenue in reportable segments

Western Europe The Americas Asia-Pacific

Central & Eastern Europe,

Middle East, Africa Total

(In thousands)Six months ended:June 30, 2015* (Unaudited) $ 119,733 45,864 18,043 9,358 $ 192,998June 30, 2016 (Unaudited) 137,001 48,863 21,840 12,333 $ 220,037

Three months ended:June 30, 2015* (Unaudited) $ 65,098 23,069 9,078 4,409 $ 101,654June 30, 2016 (Unaudited) $ 74,365 25,952 13,034 5,813 $ 119,164

Six months ended Three months endedJune 30, June 30,

2015* 2016 2015* 2016(Unaudited) (Unaudited)

Revenue (in thousands)

Sparkling Water Maker starter kits (including exchange cylinders) $ ** 55,981 $ 68,627 $ 29,735 $ 39,046Consumables **130,702 146,076 68,261 78,021Other ** 6,315 5,334 3,658 2,097Total $ 192,998 $ 220,037 $ 101,654 $ 119,164

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Six months ended Three months endedJune 30, June 30,

2015* 2016 2015 2016(Unaudited) (Unaudited)

As a percentage of revenue

Sparkling Water Maker starter kits (including exchange cylinders) 29.0% 31.2% 29.3% 32.8%Consumables 67.7% 66.4% 67.2% 65.5%Other 3.3% 2.4% 3.5% 1.7%Total 100.0% 100.0% 100.0% 100.0%

EBITDASix months ended Three months ended

June 30, June 30,2015 2016 2015 2016

(Unaudited)(In thousands)

Reconciliation of Net Income to EBITDANet income $ 7,007 $ 13,908 $ 960 $ 7,815Financial expenses (income), net (5,076) 1,104 592 194Income tax expense (tax benefit) 1,371 2,059 401 1,142Depreciation and amortization 8,328 8,817 4,385 4,441EBITDA $ 11,630 $ 25,888 $ 6,338 $ 13,592Restructuring 4,892 – 2,579 –Impairment of other intangible asset – 1,830 – 1,830 Adjusted EBITDA 16,522 27,718 8,917 15,422

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Exhibit 99.2

SodaStream International Ltd.Chief Financial Officer’s Commentary

Second Quarter 2016

Non-IFRS to IFRS Bridge

During the second quarter of 2015 the Company recorded exceptional charges of $2.6 million as part of its restructuring and growth plan and presented thequarterly results also excluding these charges on a Non-IFRS basis. The second quarter 2016 results are compared in this document to the Non-IFRS results ofthe second quarter of 2015. The following table provides the reconciliation of the IFRS to Non-IFRS financial data for the second quarter of 2015 and itscomparison summary with the IFRS results of the second quarter of 2016:

RevenueSecond quarter revenues increased 17.2% to $119.2 million from $101.7 million revenues* in the same quarter 2015. The increase was driven primarily bygrowing consumer demand for sparking water makers and consumables mainly in Germany, Canada, Japan, France and South Korea.

The following table sets forth each region’s contribution to total revenue and a comparison with the second quarter of 2015(by percentage):

The increase in customer demand in the quarter was generated by all regions and all products. The high increase in the Asia-Pacific region is primarily fromJapan and South Korea. The increase in Western Europe is primarily from Germany, France and Switzerland. The increase in the Americas is primarily fromboth Canada and the U.S. The increase in CEMEA was mainly from Czech Republic and Israel. Changes in currency exchange rates had no material impact onquarterly revenue in comparison with the same quarter in 2015.

2015 2016IFRS Restructuring Non-IFRS IFRS Increase Increase

In Thousands USD %Revenue $ 99,834 $ 1,820 $ 101,654 $ 119,164 17,510 17%Cost of revenue 51,307 (759) 50,548 58,695 8,147 16%Gross profit 48,527 2,579 51,106 60,469 9,363 18%Operating income 1,953 2,579 4,532 9,151 4,619 102%Net income for the period $ 960 $ 2,579 $ 3,539 $ 7,815 $ 4,276 121%Net income per shareBasic and diluted (in USD) 0.05 0.12 0.17 0.37 0.20 119%

Geographical Revenue Breakdown Three Months EndedJune 30, 2015* June 30, 2016 Increase Increase

In Millions USD %Western Europe $ 65.1 $ 74.4 $ 9.3 14%The Americas 23.1 26.0 2.9 12%Asia-Pacific 9.1 13.0 3.9 44%Central & Eastern Europe, Middle East, Africa 4.4 5.8 1.4 32%Total $ 101.7 $ 119.2 $ 17.5 17%

RegionPortion of the revenue in three

months endedJune 30, 2015* June 30, 2016

Western Europe 64.0% 62.4%The Americas 22.7% 21.8%Asia-Pacific 8.9% 10.9%Central & Eastern Europe, Middle East & Africa 4.4% 4.9%Total 100.0% 100.0%

* The comparable second quarter 2015 data included in this document relate to Adjusted non-IFRS measure. See “Non IFRS Financial Measures” in page 3in the Company's press release titled “SodaStream Reports Second Quarter 2016 Results”.

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Sparkling water maker unit sales increased 30% to 637,000 from 491,000, CO2 refill unit sales increased 9% to 7.5 million from 6.9 million and flavor unitsales increased 18% to 6.0 million from 5.1 million, in each case, compared to the same period in 2015.

Gross MarginGross margin for the second quarter 2016 was 50.7% compared to 50.3% for the same period in 2015. The 40 basis point increase was mainly due to productionoptimization in Lehavim plant partially off-set by a higher portion of sparkling water makers in the product mix.

Sales and MarketingSales and marketing expenses for the second quarter 2016 totaled $38.0 million, or 31.9% of revenue, compared to $35.1 million, or 34.5% of revenue, for thesame period in 2015.Advertising and promotion expenses increased by $4.6 million to $18.1 million, or 15.2% of revenue, compared to $13.5 million, or 13.3% of revenue, in thesame period in 2015.Other selling expenses decreased by $1.7 million to $19.9 million, or 16.7% of revenue, compared to $21.6 million, or 21.3% of revenue, in the same period in2015.

General and AdministrativeGeneral and administrative expenses for the second quarter 2016 decreased by $0.5 million to $11.0 million, or 9.2% of revenue, compared to $11.5 million, or 11.3% of revenue in the same period in 2015.

Operating IncomeOperating income increased 101.9% to $9.2 million, or 7.7% of revenue, compared to $4.5 million, or 4.5% of revenue, in the same period 2015.

Tax ExpenseTax expense was $1.1 million reflecting an effective tax rate of 12.7%, compared to $0.4 million with an effective tax rate of 29.5% in the second quarter 2015.

Net IncomeSecond quarter 2016 net income on an IFRS basis was $7.8 million, or $0.37 per diluted share, based on 21.3 million weighted shares outstanding compared tonet income on IFRS basis of $1.0 million, or $0.05 per diluted share, based on 21.1 million weighted shares outstanding in the same period in 2015.

Foreign Currency ImpactChanges in currency exchange rates had no material impact in comparison with the same period in 2015.

Balance SheetAs of June 30, 2016, the Company had cash and cash equivalents of $40.9 million, an increase of $6.4 million, or 18.6% compared to $34.5 million atDecember 31, 2015 driven by cash generated from operations and lower expenditures following the completion of the majority of the investments in theCompany’s new facility in Lehavim.

As of June 30, 2016, the Company had $24.2 million of bank debt compared to $36.8 million of bank debt as of December 31, 2015.

Working capital at June 30, 2016, decreased 5.0% to $133.6 million compared to $140.7 million at December 31, 2015. Inventories at June 30, 2016 decreased 7.1% to $104.9 million compared to $113.0 million at December 31, 2015.

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Non-IFRS to IFRS BridgeDuring the first half of 2015 the Company recorded exceptional charges of $4.9 million as part of its restructuring and growth plan and presented the first halfresults also excluding these charges on a Non-IFRS basis. The first half of 2016 results are compared in this document to the Non-IFRS results of the first halfof 2015. The following table provides the reconciliation of the IFRS to Non-IFRS financial data for the first half of 2015 and its comparison summary with theIFRS results of the first half of 2016:

RevenueFirst half revenue increased 14.0% to $220.0 million from $193.0 million in the first half 2015. The increase was primarily due to growing consumer demandfor sparking water makers and consumables mainly in Germany, Canada, Japan and France.

The following table sets forth each region’s contribution to total revenue and a comparison with the first half 2015 (by percentage):

The increase in customer demand was generated by all regions and all products. The higher increase in the Asia-Pacific region is primarily from Japan andSouth Korea. The increase in Western Europe is primarily from Germany, France and Switzerland. The increase in the Americas is primarily from Canada. Theincrease in CEMEA is primarily from Czech Republic and Israel.The currency unfavorable changes in foreign currency exchange rate decreased revenue by 1% or $2.1 million for the first half of 2016.

Sparkling water maker unit sales increased 20% to 1.2 million from 1.0 million, CO2 refill unit sales increased 10% to 14.3 million from 13.0 million and flavorunit sales increased 13% to 11.3 million from 10.0 million, in each case, compared to the first half 2015.

Gross MarginFirst half gross margin was 50.7% compared to 51.2% in the prior year. Gross margin in the first half of 2016 was negatively impacted by a higher proportion of sparking water maker units in the product mix whereas the first half of 2015 was positively impacted primarily by higher share of CO2 refills in product mix. In addition, unfavorable changes in foreign currency exchange rates decreased the gross margin by 2.4% or $2.7 million for the first half of 2016.

Sales & MarketingSales and marketing expenses increased by 4.6% to $70.7 million, or 32.1% of revenue, compared to $67.6 million, or 35.0% of revenue in first half 2015.Selling expenses within the sales and marketing expenses amounted to $39.0 million or 17.7% of revenue, compared to $41.5 million or 21.5% of revenue in the first half of 2015. Advertising and promotion expenses were $31.7 million or 14.4% of revenue in the first half of 2016, compared to $26.1 million or 13.5% of revenue in the first half of 2015.

2015 2016IFRS Restructuring Non-IFRS IFRS Increase Increase

In Thousands USD %Revenue $ 190,178 $ 2,820 $ 192,998 $ 220,037 $ 27,039 14%Cost of revenue 96,200 (2,072) 94,128 108,396 14,268 15%Gross profit 93,978 4,892 98,870 111,641 12,771 13%Operating income 3,302 4,892 8,194 17,071 8,877 108%Net income for the period $ 7,007 $ 4,892 $ 11,899 $ 13,908 $ 2,009 17%Net income per shareDiluted (in USD) 0.33 0.23 0.56 0.66 0.10 16%

Geographical Revenue Breakdown Six Months EndedJune 30, 2015* June 30, 2016 Increase Increase

In Millions USD %Western Europe $ 119.7 $ 137.0 $ 17.3 14%The Americas 45.9 48.9 3.0 7%Asia-Pacific 18.0 21.8 3.8 21%Central & Eastern Europe, Middle East, Africa 9.4 12.3 2.9 32%Total $ 193.0 $ 220.0 $ 27.0 14%

RegionPortion of the revenue in

six months endedJune 30, 2015* June 30, 2016

Western Europe 62.1% 62.3%The Americas 23.8% 22.2%Asia-Pacific 9.3% 9.9%Central & Eastern Europe, Middle East & Africa 4.8% 5.6%Total 100.0% 100.0%

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General & AdministrativeGeneral and administrative expenses for the first half of 2016 were $21.6 million, or 9.8% of revenue, compared to $23.1 million, or 12.0% of revenue in 2015.

Operating IncomeOperating income increased to $17.1 million, or 7.8% of revenue compared to $8.2 million or 4.2% of revenue in the first half of 2015. Operating income wasnegatively impacted by changes in foreign currency exchange rates by approximately $2.2 million for the first half of 2016.

Tax ExpenseTax expense was $2.1 reflecting an effective tax rate of 12.9% compared to $1.4 million or an effective tax rate of 16.4% in the first half of 2015.

Net IncomeFirst half 2016 net income on an IFRS basis was $13.9 million, or $0.66 per diluted share, based on 21.2 million weighted shares outstanding, compared to netincome on an IFRS basis of $7.0 million, or $0.33 per diluted share, based on 21.1 million weighted shares outstanding in the first half of 2015.

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Exhibit 99.3

Q2 2016 % Change Y/Y Total Revenues $119.2 million +17% Sparkling Water Maker Units 637,000 +30% Flavor Units 6.0 million +18% CO 2 Refill Units 7.5 million +9% Net Income $7.8 million +714% EPS (1) $0.37 +709% Net Income vs. 2015 Non - IFRS (2) $7.8 million +121% EPS vs. 2015 Non - IFRS (2) $0.37 +119% Financial Highlights Q2 2016 (1) Based on 21.3 million weighted shares outstanding in Q2 2016 and 21.1 million weighted shares outstanding in Q2 2015 (2) 2015 Non - IFRS excluding restructuring costs

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Quarterly Revenue 2010 - 2016 (in $ millions) Quarterly Revenue Change 39.1 50.0 54.5 64.9 58.5 69.1 75.7 85.7 87.9 103.0 112.5 132.9 117.6 132.4 144.6 168.1 118.2 141.2 125.9 126.5 91.3 101.7 110.0 112.9 100.9 119.2 Q1 Q2 Q3 Q4 2010 2011 2012 2013 2014 2015 2016

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Quarterly Sparkling Water Maker Unit Sales 2010 - 2016 (in thousands ) Quarterly Sparkling Water Maker Units Change 297 463 449 712 592 634 717 767 683 764 940 1,111 776 935 1,196 1,542 604 785 818 1,018 518 491 639 769 575 637 Q1 Q2 Q3 Q4 2010 2011 2012 2013 2014 2015 2016

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Quarterly Refill Unit Sales 2010 - 2016 (in millions) Quarterly CO 2 Refill Units Change 2.3 2.5 2.8 2.7 2.9 3.4 3.6 3.4 3.7 4.2 4.3 4.3 4.8 5.5 5.8 5.4 5.8 6.5 6.4 6.3 6.0 6.9 7.0 6.7 6.8 7.5 Q1 Q2 Q3 Q4 2010 2011 2012 2013 2014 2015 2016

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Quarterly Flavor Unit Sales 2010 - 2016 (in millions) Quarterly Flavor Units Change 3.0 3.1 4.1 3.7 3.8 6.1 4.4 4.6 5.8 7.2 7.7 7.4 7.7 8.5 8.3 9.8 8.4 9.3 7.6 6.1 4.9 5.1 6.7 5.6 5.3 6.0 Q1 Q2 Q3 Q4 2010 2011 2012 2013 2014 2015 2016

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Consolidated Statements of Operations Q2 - 2016 vs. Q2 - 2015 2015 2016 Reported Reported (Unadjusted) Restructuring Adjusted (Unaudited ) (Unaudited) (Unaudited) ( Unaudited ) Revenue $99,834 $1,820 $101,654 $119,164 Cost of revenue 51,307 - $759 50,548 58,695 Gross profit 48,527 $2,579 51,106 60,469 Operating expenses Sales and marketing 35,118 35,118 38,022 General and administrative 11,456 11,456 10,969 Other expenses 0 0 2,327 Total operating expenses 46,574 46,574 51,318 Operating income 1,953 $2,579 4,532 9,151 Interest expense (income), net 92 92 215 Other financial expense (income), net 500 500 (21) Total financial expense (income), net 592 592 194 Income before income taxes 1,361 $2,579 3,940 8,957 Income tax expense 401 401 1,142 Net income for the period $960 $2,579 $3,539 $7,815 Net income per share Basic $0.05 $0.12 $0.17 $0.37 Diluted $0.05 $0.12 $0.17 $0.37 Weighted average number of shares Basic 21,032 21,032 21,137 Diluted 21,138 21,138 21,275

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Consolidated Statements of Operations H 1 - 2016 vs. H1 - 2015 2015 2016 Reported Reported (Unadjusted) Restructuring Adjusted (Unaudited ) (Unaudited) (Unaudited) (Unaudited) Revenue $190,178 $2,820 $192,998 $220,037 Cost of revenue 96,200 - $2,072 94,128 108,396 Gross profit 93,978 $4,892 98,870 111,641 Operating expenses Sales and marketing 67,579 67,579 70,693 General and administrative 23,097 23,097 21,550 Other expenses 0 0 2,327 Total operating expenses 90,676 90,676 94,570 Operating income 3,302 $4,892 8,194 17,071 Interest expense (income), net 126 126 254 Other financial expense (income), net (5,202) (5,202) 850 Total financial expense (income), net (5,076) (5,076) 1,104 Income before income taxes 8,378 $4,892 13,270 15,967 Income tax expense 1,371 1,371 2,059 Net income for the period $7,007 $4,892 $11,899 $13,908 Net income per share Basic $0.33 $0.24 $0.57 $0.66 Diluted $0.33 $ 0.23 $0.56 $0.66 Weighted average number of shares Basic 21,025 21,025 21,118 Diluted 21,095 21,095 21,198