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SodaStream International's CEO Discusses Q2 2012 Results - Earnings Call Transcript

SodaStream International Ltd. (SODA)

Q2 2012 Earnings Conference Call

August 08, 2012, 08:30 a.m. ET


Yonah Lloyd - Executive Director, Corporate Development and Communication

Daniel Birnbaum - CEO

Daniel Erdreich - CFO

Gerard Meyer - President, SodaStream USA


Joe Altobello - Oppenheimer

Jon Andersen - William Blair

John Faucher - JPMorgan

Bill Schmitz - Deutsche Bank

Tony Brenner - ROTH Capital Partners

Jim Duffy - Stifel Nicolaus

Jim Chartier - Monness, Crespi and Hardt

Mitch Pinheiro - Janney Capital Markets

Greg McKinley - Dougherty



Good day. My name is Matt and I will be your conference operator today. At this time I’d like to welcome everyone to the SodaStream International Second Quarter 2012 Earnings Conference Call. Today’s call is being recorded. All lines have been placed on mute to prevent any background noise. (Operator Instructions) Thank you.

I will now turn the call over to Yonah Lloyd, Executive Director of Corporate Development and Communication. Please go ahead sir.

Yonah Lloyd

Thank you, Matt. Welcome everyone. This morning’s call will consist of prepared remarks from our CEO, Daniel Birnbaum. We filed the 6-K this morning which includes the press release and financial tables along with the CFO commentary document and a supplement slide presentation featuring business highlights. These are also available at our IR website and on your new IR App. Present as well are Daniel Erdreich, our CFO; and Gerard Meyer, President and General Manager of our U.S. Subsidiary. Following Daniel’s remarks we will open the call for questions.

I’d like to remind everyone that certain statements will be made during today’s conference call which are forward-looking within the meaning of Securities Laws. Due to the uncertainty of this forward-looking statements, our actual results may differ materially from anything projected in these forward-looking statements. As such we can give no assurance as to their accuracy and we assume no obligation to update them. Results that we report today should not be considered as an indication of future performance. Changes in economics, business, competitive, technological, regulatory and other factors could cause SodaStream’s actual results to differ materially from those expressed or implied by the projection or forward-looking statements made today. For more detailed information about these factors and other risks that may impact our business, please review the paragraph in this morning’s press release that begins with the words, ‘this release contains’.

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