Message from CEO

Dear Shareholders,

LEO Global Logistics Public Company Limited (LEO), a Thai-owned integrated logistics service provider, has been in the logistics service industry on a solid foundation for 34 years, managed by a professional team with experience, expertise, and commitment to grow and overcome challenges in all situations with resiliency and initiatives.

The year 2023 has been another challenging year for the logistics industry, marked by economic recessions in many countries, geopolitical conflicts, inflation, and rising interest rates. These factors have significantly impacted the global economy, creating a dynamic and complex environment for businesses. However, LEO Global Logistics Public Company Limited has leveraged this period to lay new foundations for exponential growth. This year has provided us with unique opportunities to expand and innovate across various business sectors, both related to logistics and beyond (Non-Logistics). These opportunities include domestic and international rail transportation services, third self-storage place services, and second container depot services businesses. Additionally, we initiated Thailand’s first intelligent temperature-controlled bonded warehouse service project, called ‘The 1st Intelligent and Robotic Cold Chain Bonded Warehouse/Logistics Center in Bangkok at Sahathai Port,’ which has attracted significant interest from customers.

We have formed a joint venture with Logistics Intelligence (Cambodia) Co., Ltd. (LogiCam) to establish a new company in Cambodia, named “LogiCam-LEO (Cambodia) Co., Ltd. (LogiCam-LEO)”. This joint venture aims to develop integrated logistics services between Thailand and Cambodia, expanding our logistics and warehouse solution businesses. Additionally, we have partnered with Hayleys Advantis to create “Advantis LEO (Thailand) Limited” and open a 3,500-square-meter warehouse on Bangna-Trad Road, Km. 19. We anticipate that these projects will drive continuous growth and increased sales for our company in the future.

In addition, the ESG Rating unit of the Thaipat Institute recognized our company for outstanding performance in Environment, Social, and Governance (ESG). Thanks to the determination and commitment of our executives, managers, and employees, the ESG 100 securities group has included us for the third consecutive year in 2023. Additionally, we received two prestigious regional awards from the Asia Pacific Enterprise Awards (APEA) 2023: the Corporate Excellence Award and the Master Entrepreneur Award, reaffirming our leadership in the integrated transportation and logistics business and our commitment to stable and sustainable growth.

We are especially proud to have won the Best CEO Award for listed companies in the Market for Alternative Investment (mai) and the Outstanding Company Performance Award at the SET Awards 2023. These honors reflect our dedication to business excellence and service expansion, resulting in exponential growth and serving as a model for successful organizations on the mai Stock Exchange.

Building on our recent successes, the company aims to strengthen its position as a top leader in the logistics industry in 2024. We have set a target to expand our services and businesses by more than 15-20 percent. To achieve this, we will implement the F.A.S.T’24 strategy (Focus + Agile + Sustainable for Terrific Performance), which emphasizes agility and speed in addressing the evolving challenges of the logistics industry. This strategy will help us adapt quickly and effectively to changing business conditions. Despite these adjustments, we will remain focused on our goals, aiming to grow both our existing and new businesses, expand our customer base, and enhance our service offerings. Our goal is to achieve outstanding performance in 2024.

The focus on Environmental, Social, and Governance (ESG) principles is becoming increasingly important because of the current global situation and the growing concern over global warming. Our company is committed to sustainability and dedicated to offering environmentally friendly logistics services, including green logistics. We are incorporating carbon credit and carbon footprint measures and leveraging digital green/IT solutions to enhance our ESG competitive edge for our customers.

LEO is partnering with businesses that provide Green Logistics services and various digital platforms to create new solutions that directly address customer needs. As an end-to-end logistics services provider, we are proud to be the first Thai logistics company to announce a plan for Green Logistics services. Our goal is to transform LEO’s Green Logistics offerings into Carbon Credit and Carbon Statement services for our customers. This initiative provides our customers with a competitive advantage and enhances their international recognition, particularly in European countries and Japan, where ESG principles and carbon footprint reduction are highly emphasized.

Over the past 32 years, we have consistently focused on sustainable business practices by adhering to strong corporate governance and risk management principles. We are dedicated to improving the quality of life in society and recognizing the importance of corporate social responsibility (CSR).

On behalf of LEO Global Logistics Public Company Limited, or ‘LEO’, I would like to thank all of our shareholders, customers, business partners, and benefactors for having trust and confidence in LEO as always. Notably, we would like to thank all LEO executives and employees who have greatly helped LEO to grow continuously every year. LEO will continue to focus on business development and adapt to the rapidly changing world, ensuring we are prepared for both emerging opportunities and challenges. We are committed to being a leading organization in the logistics business, in line with our vision of being ‘Thailand’s Leading End-to-End Global Logistics Services Provider’ with sustainable growth and being the first company of choice for customers, employees, and investors.

Sincerely,

Mr. Kettivit Sittisoontornwong
Chief Executive Officer