Gabriel Baselina's questions to Liberty Latin America Ltd (LILA) leadership • Q2 2024
Question
Gabriel Baselina asked for more details on the regions impacted by the recent hurricane season, the expected operational and financial impact, and how it might affect business in Jamaica and other affected markets.
Answer
CEO Balan Nair explained that Hurricane Barrel impacted Grenada, St. Vincent, and Jamaica, with power outages being the primary cause of service disruption. He noted that physical network damage was limited and that the company's parametric insurance program was triggered, expecting to provide $44 million in net proceeds. This payout is expected to cover the financial impact, which includes $10-$20 million in revenue/OIBDA impact and $10-$20 million in P&E additions for repairs, resulting in a minimal net financial effect on the company.