David W Thompson BCom, MBA, CPA MAICD
General Manager Queensland
Experience:
- Valuation of a range of Electricity, Gas, Water, Telecommunications infrastructure and retail businesses.
- Valuation of hydro, coal-fired and gas-fired power stations and businesses.
- Valuation of numerous businesses across the steel industry value chain including resource, manufacturing, galvanizing & hire companies.
- Valuation and assessment of major strategic investment decisions for role out of broadband capabilities (including fibre, BPL and wireless) combining telecommunication, electricity and rail utilities.
- Built and/or tested numerous financial models for major companies, investment banks, P/E firms, GOC’s and government departments associated with capital investments and mergers and acquisitions.
- Advice on key value drivers and key performance indicators including setting appropriate prices, rates of return, capital structures, valuations, financial transfers and dividend policies.
- David has extensive knowledge and skills in valuations, mergers and acquisitions, project management and business modelling. He has been a key financial advisor on reforms in the Queensland energy and water industries and has led multiple teams on mergers and acquisitions.
- David has advised on corporate and business unit strategy, key value drivers and key performance indicators (e.g. strategic fit, acquisitive and organic growth, market share, pricing, economies of scale, Opex/Capex tradeoffs, cost of capital and capital structures).
- His valuations, advisory and M&A experience covers a wide range of industries, including:
- Infrastructure (electricity, gas, water, telecommunications, rail, port and social)
- Generation (coal, gas, renewables)
- Resources (mining, coal, natural and coal seam gas, carbon capture & storage)
- Consumer Products and Manufacturing (steel, galvanizing, hire)
- Transport (road, rail, shipping, land logistics)
- Information Technology
- Financial Services (banking, insurance, back office)
- Engineering Services
- Funds Management
- Commonwealth and State Revenue Authorities
- David has built or tested numerous financial models including Monte Carlo, decision tree and options analysis for major corporations, investment banks, P/E firms, GOC’s and government departments associated with capital investments and mergers and acquisitions.
Professional Background
- David has over 25 years experience in Energy, Infrastructure, Resources, Manufacturing and Telecommunications industries. He has significant leadership experience and proven expertise in corporate and business development, project management and business modelling associated with valuations, mergers and acquisitions, joint ventures and regulatory determinations. He has led various finance departments and functions including establishing financial planning, analysis and modelling capabilities and implementing
value based management systems.
- He has held Executive Management accountabilities in an international steel manufacturing company and in energy companies including for Strategy, Finance, Corporate Development and Corporate Communications.
- David was the Corporate Finance Lead Director responsible for Business Modelling and Advisory for one of the big four accounting firms.
- He has also been a key financial advisor on reforms in the Queensland energy and water industries and has led project, finance and valuation teams on multiple merger & acquisition projects in the infrastructure, energy, resources, telecommunications and manufacturing industries.

