In the AGM presentation material, selecting 2015 as the base...

In the AGM presentation material, selecting 2015 as the base year shows NWH in a better light than is the case using FY2010 as the base year. In my 4/11/2019 post 41235898 I provided a ten year history of NPAT/Revenue percentages for NWH, MND and LYL, with LYL having the highest percentage with a 10-year average of 7.64% compared to NWH's 4.05%.

Over the ten years the increase in Revenue per share was so poor for all three companies, that I added CCP to the group (see below) as an example of what good management can do over a period when competitors in the company's sector performed badly, and what things are hidden by diluting shares by issuing more of them. For me, the Revenue and NPAT metrics that are relevant for comparison purposes are their per-share metrics.

NWH revenue per share, $2.43 to $2.81, or 1.46% per year growth.
MND revenue per share, $14.63 to $15.67, or 0.69% per year growth.
LYL revenue per share,$3.09 to $3.80, or 2.09% per year growth.
CCP revenue per share,$2.09 to $6.30, or 11.67 per year growth.

Growth compounded yearly is = ((ending value)/(starting value)) raised to the power of (1/(number of years))-1. The growth rate per share seemed so low for the past decade that I may have erred, and if so, I am sure somebody will point out the error. Whatever the growth rate per share is for NWH, compared to CCP's performance, NWH has not grown as well over the last decade. Ten years hence the comparison may even out a bit as the mining slump that started in 1915 works itself out of the the ten-year range that would then apply. CCP had its horror year in 2008 under a different management team, but recovered magnificently.