CAPITAL SPENDING SURVEY How would you describe your company's financial position? Firmly in the black: We're seeing no ill effects Financially sound: Our profits have taken a hit, but we're on solid ground With regard to major equipment investments, does your company: 55% Invest in new equipment with the expectation that it will bring new business. 41% 20% 57% 70% 2% 6% Unstable: Our profits are turbulent these days 45% 10% 2013 2012 59% Wait to invest in new equipment until new business is confirmed with a current or prospective customer. Other** What ROI cycle does your company use for its major capital planning? Each icon represents 2% of answers. (Multiple answers were accepted.) 12% 10% 36% 17% 10% 53% 39% 20% 41% 32% 29% What is your general outlook for the baking industry in 2014? 89% POSITIVE 13% 11% NEGATIVE 19% 1 year 2 year 3 year More than 3 years 32% 38 Baking & Snack February 2014 / www.bakingandsnack.com What is your general outlook for the baking industry in 2014 compared with 2013? 50% BETTER 45% THE SAME 5% WORSEhttp://www.bakingandsnack.com